LRCX is about to make a major break into bearish territory - right side of red/yellow line
- initial target is 560 on 10/3/2023 (black trajectory)
- goal target is 520s by end of October 2023
Stop loss is a sustained break above the green trajectory
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...
Entry: with price at or slightly above 726.54
Volume: with volume greater than 1.14M
Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 726.54 & target of 806.60, a stop at 686.41 gets you 2/1 Reward to Risk Ratio.
This LONG swing...
Entry: when price clears 644.60
Volume: with daily volume greater than 1.37M or weekly volume greater than 6.7M
Target: 755 area
Stop: Depending on your risk tolerance; 607.75 gets you 3/1 Risk/Reward.
Resistance: 731 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis...
LRCX (Lam Research Corporation)
designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.)
Current Price:721.26
Entry: 742 (buy stop)
Bullish Signal
- good earnings with a gap up
- MACD crossing up
- 20, 50, 200 MA trending up
- all-time high after breaking the previous high
-...
This might be the best short opportunity currently.
LRCX is completing a B wave and setting up for very explosive first leg down of C wave.
Needs to breakdown 582 555 and 547 (should breakdown by 6/9/2023) to get to targets:
Initial target: 491-508
Goal Target: 420-444
I took this as a swing trade. Trend momentum fundamental analysis identifying trend on the intermediate time frame with breakout identified. Within breakout box (in green) the 15 low time frame was used to identify a quality demand zone with high probability of institutional buying via the fixed volume profile indicator. Good risk to reward by my trade plan for a...
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...
Initial target is 500 in coming weeks. A break below that will open door for downside to 447 by mid June.
Levels it needs to break down on path to target are 500, 491, 484, 468
Not seeing a lot of crisp setups and the very few ones setting up has earnings in 2 to 3 days.
NASDAQ:LRCX is making it to primary list along side NYSE:NEWR
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.
The PEAD projected a bullish outlook for NASDAQ:LRCX after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 58.33%.
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...
LRCX long after small pack to trend line pull back. I have another post that is looking at LRCX being shorted. It will be a small short and then long.
Obviously if it breaks the trendline then it's no longer a short.
