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...
I bought NASDAQ: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...
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.
10-Feb-2024
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LRCX New targets
Target of 1002-1152-1198-1351-1442-1689-1803
SL 583
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock crosses past barriers with good volumes
Past Shared Levels :
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
All indicators show that the price is inflated. If the price sticks to the Bollinger upper band, it frees itself from the band, there is a possibility of falling to 22 exponential average. The other average is 50 exponential.
Positional Trade
LRCX Looks Good ABOVE 726.14
Target 747-756-798-823-849-883 points from entry
Hold a few Weeks
Please consult your financial advisor before investing
All research is for educational purposes only.
Stock is ready to cross past barriers in daily, Daily time frames. breakout after consolidation.
NASDAQ:LRCX 's recent close above the 9 EMA signals bullish potential. Holding steadily above the $763 level could pivot the stock towards $768, aligning with a crucial gap fill area and setting sights on $778. The positive momentum in related stocks like NASDAQ:NVDA , NASDAQ:AMD , and NASDAQ:SMCI may act as a catalyst for NASDAQ:LRCX , especially given its...
NASDAQ:LRCX appears to be in an ascending triangle of some kind, using the last dip as trend support, I suspect NASDAQ:LRCX will make new highs with the rest of the market.
I will target $820 then I honestly think it'll get up to $950 or higher.
There is a big cup and handle with a breakout taking place now too.
The orange circle is where the handle...
Update to a previous idea I posted recently, this is more accurate.
385 post earnings (by 10/21)
525 by end of Nov 2022
Pullback to 385-400 by Jan 2023
Retest All Time High @ 731 by June 2023
Pretty straight forward chart. If price makes a clear break above 505$, this inverse head and shoulders could take us all the way to a new all time high of about 840$. The fibonacci channel also confirms this as past resistance is now new support.
I read LRCX beat earnings yet there appears to be a sell off today.
Price is on the support line of a descending triangle tat is neutral until fully broken.
Prior bearish rising wedge that broke to the upside. Price is trying to break the bottom line level.
Possible RSI Diversion.
No recommendation
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...
✅Created Demand Zone
✅Retested the demand zone
✅Crossed above resistance
I am bullish on this. Target are 690.90 and 712.56. Stop loss would be close below the demand zone (603.52)
Follow for more trade ideas. (Always DYOD)
