Currently LRCX is in a strong uptrend that has been established over the last few weeks. What I’ve noticed here on the chart, is a strong bullish flag on the 4H time frame.
Entry here is a break above the top trend line of the flag to somewhat, front run this trade.
Safest entry - break above the top of the flag on a 4H candle close, followed by a retest of that breakout, with a bullish candle close after the retest.
Measured move takes this next leg up to around the $320 area.
Entry here is a break above the top trend line of the flag to somewhat, front run this trade.
Safest entry - break above the top of the flag on a 4H candle close, followed by a retest of that breakout, with a bullish candle close after the retest.
Measured move takes this next leg up to around the $320 area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.