LRCX March 14, 24: Where can we look for a buy point?
I bought
LRCX
on December 11, 2023 when it broke out into a new high, then sold it a few days ago as the stock crossed down the MA-21 after a long period of time (since January 2024) trading above it.
I am looking for a new buy point of this stock and here are the 2 possible situations.
The stock might trades around this area below MA-21 for a few days and then will move up again. This would be a new entry for me.
In another case, the stock might goes down to its rising MA-50, which also provides a buy point in case the volume will dry up.
What do you think will be the case?
LRCX
on December 11, 2023 when it broke out into a new high, then sold it a few days ago as the stock crossed down the MA-21 after a long period of time (since January 2024) trading above it. I am looking for a new buy point of this stock and here are the 2 possible situations.
The stock might trades around this area below MA-21 for a few days and then will move up again. This would be a new entry for me.
In another case, the stock might goes down to its rising MA-50, which also provides a buy point in case the volume will dry up.
What do you think will be the case?
Trade active:
I re-entered again on March 20, 24. See the post in the related ideas sections for details.
