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TopgOptions
Mar 14, 2022 10:06 PM

LRCX exposure to China Short

NASDAQ:LRCX1D
Lam Research CorporationNASDAQ

Description

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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 think.

Looking forward to read your opinion about this.

Trade closed: target reached

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Price Target reached!
Trend AnalysisTechnical IndicatorsFundamental AnalysisLRCXlamresearchlamresearchcorporationlrcxstockSELLshortpricetargetselloffchina
Comments
ZRP
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You nailed the buy area!
TopgOptions
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@ZRP, :)) thanks!
Pinecones
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Well played, spot on with this TA!
TopgOptions
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@Pinecones, thanks!
SilverSurfer82
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Are you including Taiwan as part of China?? If not, then there is no way their exposure to China is as high as you claim, no way.
TopgOptions
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@SilverSurfer82, it has. i did the research.
cicatrace
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Everyone has exposure to China, doesn't mean everything is gonna crash and burn. China is loosening monetary policy
TopgOptions
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@cicatrace, if you say so.
Cade_Edwards
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I believe you might have missed the clear bullish divergences that your Divergence Indicator has not labeled... There is one between the 28 Jan. and Mar. 8 bottoms, 28 Jan. and Mar. 14 bottoms, and even between the Mar. 8 and Mar. 14 bottoms... I believe it is actually a really good time to buy it now...
TopgOptions
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@Cade_Edwards, now?
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