After hitting 570 I'm expecting a pullback to 491 to test support before markup toward new highs end of 2023/early 2024
Price is at the resistance of the neckline. It needs to break this level with an uptrend in place. Last attempt was a throwback and a spinning top representing indecision. No recommendation
The PEAD projected a Bullish outlook for $LRCX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 63.64%.
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...
Bullish. Price is in a large rectangle and hit the 1.113 underneath the support line of the rectangle. Price is now back inside the rectangle and just above the 50% retracement. There is a gap overhead. NO recommendation
The PEAD projected a Bearish outlook for $LRCX after a Negative over reaction following its earnings release placing the stock in drift C.
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LRCX is completing wave 4 with a retest of old downtrend resistance for new support. Wave 5 will complete around 508-527. After that it will consolidate and determine if that impluse is a larger degree wave I - if so it will continue to 600+
LRCX on the Monthly chart has shown a prime example of an Ascending Triangle, with bullish results Chart pattern educational post
Gap down on open Waited for pullback on 30min and brought puts on continuation.
Break of structure to the upside waited for pullback and brought calls on continuation
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...
Reversal and structure break means go long Next level $535 are target. Also early entry was daily inside bar play. Not financial advice please use proper risk management
Expectation is bullish until end of May, then bearish in June to complete corrective wave. Some confluence here using Elliot Wave, Harmonic Patterns, and Gann: Primary EWT count gives recent completion of corrective A, next stop B. The details of this primary count are below: - Impulse began 9/24/2012 (not shown) at 31.17 - Wave 1 completed 3/12/2018 (not shown)...
... Gyarados. Target 550 I have to type more than the above to publish this....
The PEAD projected a Bullish outlook for $LRCX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
Drew this out from 1990 lows and it is looking like if it breaks that price point we are looking out for new lows.