LRCX is in a falling wedge. Last time it did this the stock ran 47% over 35 days. My PT after a breakout is $530
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should...
With the 2 week LRCX candlestick showing bullish engulf, Lam Research Corporation may be ready to rally up to re-visit the Bearish Order Candle (BOC) at $347.19. Depending on market open on Monday, a gap-up above current price would likely be good to enter the stock at 306.22 while gap-down below current price might be good above 292. There is possibility for the...
LRCX is currently in a rising channel, I saw bullish weekly options flow for the July 10 $340 calls. $2.3 million worth, so its quite a bit for a weekly. Rising RSI. Hope your having a great July 4th long weekend!
Its still on a down trend, unless it crosses above the trendline. Watch to see what happens on Monday.
Alex Vieira LAM RESEARCH Strong Buy Price Target Raised
The SPDR Innovative Technology ETF has recently broken out of a bullish edge pattern. It also displayed bullish RSI divergence from the price action going back to August. My price target for this ETF is around $117 which is just below the 2.61 Fibonacci Extension level. The largest holdings of this ETF include ROKU, SNAP, SHOP, TER, & LRCX. Happy hunting.
I got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this. Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp We will see what happens. Looks like a small bearish divergence. God speed.
LRCX is about to breakout its prior high, based on symmetry, next target is 360 USD.
We are currently sitting on the original kick-off line dating back to 1993. This line may provide the support for an eventual move towards the 2000 ATH of 98+
LRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is...