After positive earnings we broke the trend line above and heavily rejected the $900 psychological key level. Longer term in a steadily rising channel. Areas marked to look out for. I believe in price channels as you can see. Target at $975.
Reasons for bullish bias:
- Price moving in a bull trend
- Playing simple DOW theory
- No divergence
- Targets are set under fib extension as price is at all-time high
Entry Level(CMP): 838.16
Stop Loss Level: 720.27
Take Profit Level 1: 956.05
Take Profit Level 2: 1063.00
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...
