Big Money Shopper Watchlist 6/7/22
We have a very large buyer of the Jun10 and Jun17 puts in Luminar Technologies (Ticker LAZR):
The LAZR chart is also looking quite bearish:
I have a downward trending line, beginning on April 4th, that LAZR tried but could not close above, even after several attempts.
I have a resistance line at $10.80 and support down at $8.27, including a double bottom.
LAZR looks like it could be heading to test that support line again.
If you go short, use a close above that trendline for your stop.
This call buyer in Par Pacific Holdings (Ticker: PARR) is taking his profits on his long 20 calls and rolling into the 30 strike:
Looking at the chart, can’t say I blame him after today’s bullish candle:
I think the next resistance level in PARR is $21.80, then $25:
In Barrick Gold Corp (Ticker: GOLD) we are seeing a call sweep buyer. Sweep means they had to hit several exchanges to get filled:
In this case seven exchanges.
Looking at the GOLD chart, today it is holding the support line at $20.25 and flirting with the 200 day moving average:
Use $20.25 for your stop loss if you decide to go long.