LSCC forming an ascending triangle!

NASDAQ:LSCC   Lattice Semiconductor Corporation
LSCC broke the decade long resistance of $41.31 in November of 2020 and has used that price as support since. After breaking its all time highs from the 2000's LSCC has been forming an ascending triangle.

As we can see LSCC was recently rejected from the $57.60 to $58.38 range which were it's recent highs and it has been using the white trend line as support.

Semiconductor stocks are hot right now and with earnings coming up LSCC may be making a break for it sooner rather than later.

* LSCCs earnings per share is expected to grow over the coming year
* It has been performing really well with an 83.63% growth over the past year.

* Seeing the rejection from its highs, it seems like the stock may revisit the $55 or $55.40 price before making higher moves. So look for buying opportunities in that range if you're looking for a discount.
* If discounts aren't your thing, look for a buying opportunity following a daily close above $58.38
* On the contrary, a close below $55 could send the price lower to retest the support of the ascending triangle. Which would be an even better discount given how well semiconductor stocks are doing.

* If the pattern confirms and the breakout takes place, the target for this break would be in the $77.60 area.


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