LAZR - High Tight Flag - 2021-01-25

LAZR Breakout Trade Analysis:

• Initial Move: Stock surged 360% before entering consolidation.
• Pattern Formation: Developed a tightening triangle in a classic "Qullamaggie" style, hovering between the 10 and 21 EMAs.
• Breakout Attempt: The stock broke out of the triangle and gapped up.
• Entry & Exit: Entering with ORH resulted in a stop-out on the same day with a 2.3% loss.
• Aftermath: The stock continued moving lower in the following days.

The market turned choppy after mid-January 2021, making breakout trades riskier and reinforcing the importance of adapting to market conditions.