Bias: Bullish (Buy / Trend Continuation)
Entry zone: $99.27 – $100.38
Stop-loss: $85.41
Target 1 (conservative): $108.08
Target 2 (primary): $133.92
Estimated R:R: ~1:2.3 (to primary target)
Trade thesis:
LSCC remains in a strong uptrend, trading well above the 50- and 200-day moving averages while ADX (~32) confirms healthy directional strength. The recent pullback has occurred on very low volume, indicating constructive consolidation rather than distribution and supporting a continuation setup. Sentiment remains supportive following positive earnings developments and continued AI / data-center demand narratives, providing a catalyst aligned with the bullish technical structure.
What to watch:
A decisive move through $108 resistance should ideally be accompanied by volume expansion to confirm breakout continuation. Elevated daily RSI may lead to short-term pauses, but as long as price holds above the entry structure and participation improves on upside moves, the continuation thesis remains intact.
Entry zone: $99.27 – $100.38
Stop-loss: $85.41
Target 1 (conservative): $108.08
Target 2 (primary): $133.92
Estimated R:R: ~1:2.3 (to primary target)
Trade thesis:
LSCC remains in a strong uptrend, trading well above the 50- and 200-day moving averages while ADX (~32) confirms healthy directional strength. The recent pullback has occurred on very low volume, indicating constructive consolidation rather than distribution and supporting a continuation setup. Sentiment remains supportive following positive earnings developments and continued AI / data-center demand narratives, providing a catalyst aligned with the bullish technical structure.
What to watch:
A decisive move through $108 resistance should ideally be accompanied by volume expansion to confirm breakout continuation. Elevated daily RSI may lead to short-term pauses, but as long as price holds above the entry structure and participation improves on upside moves, the continuation thesis remains intact.
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.
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.