Bullishcharts

Lam Research looks overdone. $lrcx

NASDAQ:LRCX   Lam Research Corporation
Time to ring the register and wait for lower entry.
Momentum downtrending and in bearish divergence to price.
RSI in downtrend and showing significant bearish divergences.
Stock has ran 25% since breakout, profit taking innevitable.
Major fibonacci extension target hit and price rejected.

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