If you haven`t bought LRCX before the previous earnings: Then analyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week, I would consider purchasing the 880usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $34.05. If these options prove to be profitable...
After positive earnings we broke the trend line above and heavily rejected the $900 psychological key level. Longer term in a steadily rising channel. Areas marked to look out for. I believe in price channels as you can see. Target at $975.
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Reasons for bullish bias: - Price moving in a bull trend - Playing simple DOW theory - No divergence - Targets are set under fib extension as price is at all-time high Entry Level(CMP): 838.16 Stop Loss Level: 720.27 Take Profit Level 1: 956.05 Take Profit Level 2: 1063.00
Analyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week, I would consider purchasing the 650usd strike price at the money Calls with an expiration date of 2023-10-20, for a premium of approximately $20.30. If these options prove to be profitable prior to the earnings release, I would sell at least...
LRCX is moving south again in line with our primary expectation. The price should now fall below the support at $299.59 with its gray wave c until it ends in the white target zone between $279.57 and $156.62, thus completing the superior white wave (II). Our alternative on the upside has lost some probability but remains in place with a chance of 38%. This...
Hi Folks, This breakout looks really clean so far. Entry: 535-540 Stop: 1 ATR around 520 Trailing Stop: let's keep the EMA 10 as base trailing line. Let's re-evaluate the trade in few 3-5 days see if we can secure a TP1 8-10% at 577
Company: Lam Research Corporation Ticker: LRCX Exchange: NASDAQ Sector: Technology Introduction: Greetings, and welcome to today's technical analysis of Lam Research Corporation (LRCX) on the NASDAQ. We're focusing on a 13-month-old inverted head and shoulders pattern, suggesting a potential bullish breakout. Inverted Head and Shoulders: The Inverted Head...
Since Earnings a clear accumulation Consolidation pattern has been unfolding. If the Indices weren't so extended and into resistance this would be a prime candidate to go long. Watching Lam Research closely as it has good technical setup if we get a pullback in the market. This is a longer weekly pattern so it takes some time to play out.
We are looking for the short position. Entry target and stop loss are shown on the chart. Good luck.
Lam Research Corporation is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring. "This has been a brutal memory cycle, low spending in memory could...
After hitting 570 I'm expecting a pullback to 491 to test support before markup toward new highs end of 2023/early 2024
----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price...
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. 30% of LRCX Lam Research Corporation revenue comes from China. My price target for LRCX, considering the gap as well, is $385, but the buy area is even lower, around $345 i...
LRCX on the Monthly chart has shown a prime example of an Ascending Triangle, with bullish results Chart pattern educational post
LRCX very bullish yet very volatile setup. I posted recently but have recognized my initial count was not correct. The correct count is the following: - LRCX is completing the final leg of an Expanding Triangle as the 5th wave of a larger Expanded Flat, which is the wave 4 of a larger motive sequence that started a decade ago off the low around 31.17. - the B...
Here is the bigger picture for LRCX, as referenced in previous post on expanding triangle. We are currently at the transition from f of C of 4 and for the reasons outlined in last idea it is likely that wave 5 of the larger impulse is about to begin (or began May 20), to summarize: - wave 4 was an expanded flat with an ending expanding triangle as the 5th wave...
Loopring proceeds to rise to 1.618, then retreats, rises to 2.618, retreats, rises to 3.618. Will this pattern continue for the next outer ring 4.618