LRCX has been beaten to death by analysts over last month or 2. I think they've finally got it down to a level they like. Strong day today so far and I think we will continue to see this run now that the MACD finally crossed on the daily. Earnings are this month I think well see a nice run and surge after earnings.
This is a follow-up for the sell-off in-LRCX. The first chart was published on July 3rd. The July 3rd forecast, based on 8 indicators, was down. There were other reasons I thought the stock would decline. There was a bearish “shark” pattern. This is the “W” formation I highlighted on the chart above. A “W” formation could be a bearish shark, Gartley,...
Basic Trading Techniques Explained (For This Example I Charted-LAM RESEARCH) I believe LRCX-is a failing stock. If you consider shorting-LRCX, be careful. It is at a key support level. I have prepared this tutorial for you for two reasons: to keep you from losing money in a bad position, and to allow you to set up a chart of your own. 1. Establish the direction...
Short idea. Wait for consolidation or pull-ups and go short. Small share sizes for overnight holds - gap downs. $AMAT looks similar.
Lam Research once again delivers an earnings report that beat expectations, but without raising guidance. Once again, just like after the last earnings report, this lead to a dip in the stock price. Buy the dip somewhere below $200 - look out for reversal patterns on when to jump in.
$GS $SCHW $IBM In anticipation of earnings, I typically like to get more neutral in my positions. Earnings are typically more speculative than normal trading. I'm anticipating bullish news from $LRCX
Good signs to push at least 265. Let's see how it develops Mistake.. "Strong Support" Strong Resistance*
Double bottom over the last two days holding the a resistance trend since early December 2017. Target 230, stop loss at 185.
Lam Research (LRCX) delivered strongly in their Q4 earnings report, but the stock has since tumbled almost 10%. The market for semiconductors is not going anywhere... Target: give it to your grandchildren, or at least until processors using silicon fall out of favor. SOXX and SOXL are also good ways to get some exposure to LRCX and the semiconductor market.
Decent sell off. Price stalled at the 78.6 level and then broke down Weekly level and cleared yesterdays Low. Looking for short swing down. 210 puts
Trend Analysis: -->Looks to be breaking resistance at $215. Strong earnings will likely allow the price to break through. -->Hit support early today around $208 Indicators & Overlays: -->MACD looking to cross over close to 0 -->DMI+ looking to cross over DMI- in an upward trend -->RSI showing resistance at 40 and moving upward back to the 80 range
A lot of BUY / HOLD recommendations on this stock (@DanZanger )
16th Jan - Crossing Key level. Daily and Weekly Charts line up. Picked up Feb 195 and 205 Calls. Stoch Moving up.
Playing Trading Simulator Game: Stochastic crossover on 9JAN18. Stochastic dropped below 80 on 10JAN18. Been above Bollinger Bands for days. At top of my trend line.
Growing revenue, margins, free cash flow, and trading at a low-ish historical PE still makes Lam Research a good Value pick. Timing: picking up more with this double bottom found after the slide. Downside: The semiconductor cycle and potential downturn in 2018. But IoT demand should have a greater benefit to prevent it though.
30th Nov - Retrace in Progress. At Fib level. On watch. Jan 210 Calls