LRCX trade ideas
LRCX PT $530LRCX is in a falling wedge. Last time it did this the stock ran 47% over 35 days. My PT after a breakout is $530
Get ready to shortWhat a monster this ticker has been. It 's a set it and forget it trade in long term portfolio, but I do believe time is coming for profit taking and a pull back. There are multitudes of bullish patterns that are near completion and bearish signals are abundant. Here is a bearish setup that I will be watching into next week for an options trade in short term portfolio, also, selling my long term position. Cheers!
LRCX, enters a monthly bullish trend.Lam Research Corp. (LRCX, $479.22) is predicted by Tickeron's A.I.dvisor to grow by 4% to $498.39 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 81%. Current price $498.39 is above $371.00 the highest support line found by Tickeron A.I. Throughout the month of 11/02/20 - 12/03/20, the price experienced a +38% Uptrend. During the week of 11/25/20 - 12/03/20, the stock enjoyed a +8% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2020. You may want to consider a long position or call options on LRCX as a result. Tickeron A.I. detected that in 56 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
LRCX moved above its 50-day Moving Average on October 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for LRCX crossed bullishly above the 50-day moving average on October 12, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 81%.
Following a +3.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where LRCX advanced for three days, in 295 of 376 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 294 of 393 cases where LRCX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%.
LRCX - Price Consolidation Is About To BeginLooking at the LRCX chart, the overall price is moving within the uptrend channel. On big picture, LRCX is still bullish. However, LRCX is predicted to begin price consolidation soon. This prediction is based on Elliott wave counts where LRCX has almost completed its small degree wave (3) movements (refer to the chart). Therefore, the wave (4) consolidation will begin soon. We predict the price will move within from its peak to ballpark value of USD405 range, and will be in sideway consolidation.
LRCX Cup and HandleNASDAQ:LRCX confirmed breakout of the C&H. Few weeks hold. PT $460-480.
SL at $380.
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congrats to anyone who played thisidea played out just like i imagined it would ! now look for a test of previous 52w highs and that should act as support. im looking for a dip entry around 390-410. goodluck :)
Lam Research Corporation Announces $5 Billion Share Repurchase ALRCX: Lam Research Corporation
2020-11-05 16:05:00
Lam Research Corporation Announces $5 Billion Share Repurchase Authorization and Declares Quarterly Dividend
entry incoming ! need to be patient look for a test of 420-425 here for a long entry, no position for now. great uptrend ! leave a like ! thank you <3
LRCX Cup and Handleit looks like it's forming cup and handle pattern. possible gap down to 355.50 area before it takes off.
V bottom, on watch for continuationIf that last candle does not prove to be a reversal, continuing the uptrend and break of this box could lead to a large upside move.
9/28/2020 LRCXLRCX has reached the 1.618 retracement implying the possible end of wave 3 of wave 1 of an extended wave 5. It could dip a bit to 330 then up to 350 possibly. Then a wave 2 correction to the 0.618 retracement of the wave finshed wave 1 in the short term. After which wave 3 is expected of the minor wave 5. I will be going long after wave 2 finishes which may be around 310-320.
LAM RESEARCH CORP BULLISH ENGULF COULD TAKE STOCK TO BOC LEVELWith the 2 week LRCX candlestick showing bullish engulf, Lam Research Corporation may be ready to rally up to re-visit the Bearish Order Candle (BOC) at $347.19. Depending on market open on Monday, a gap-up above current price would likely be good to enter the stock at 306.22 while gap-down below current price might be good above 292. There is possibility for the stock price to drop to 270.
Risk: Market sentiment remains bearish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Lam Research Sitting Near the 50-day SMAChips have been one of the stronger parts of the market lately as the economy rebounds from coronavirus and applications like cloud computing and videogaming flourish.
Lam Research is a provider of chip-making equipment. It rallied on a strong earnings report in late July, but then stalled and has now pulled back.
LRCX has stabilized in the last week or so. It had a large outside day on August 24 followed by an inside candle yesterday. Today’s another tight range, a potential sign of the short-term bearishness exhausting itself.
The consolidation has happened immediately above its 50-day simple moving average (SMA). It tested under that key line shortly before noon today, triggering an alert on the TradeStation platform.
LRCX’s current levels are also interesting because its pre-Covid peak on February 13 was $344.32. The stock broke above that level in July. It also successfully retested below it on July 24 (dragged down by Intel’s disappointing quarter).
This time around, LRCX made a higher low, while staying $3 above the early 2020 high.
Chips aren’t really in focus right now – especially given the big moves in Salesforce.com and Facebook, plus the looming splits in Apple and Tesla. So, LRCX may still need a little time. However, the longer-term trend still appears intact.
LRCX - Lam Research - $357.50 Nice Long Term Entry0. Notes to follow;
1. Sitting at bottom of Channel, may head back up in coming days;
Nasty Ending TriangleLRCX broke out of the previous triangle for one last upward thrust. Now it's failed to consistently break higher through $360. Next move is likely a thrust down.
$LRCX Lam Research $400 Target
Strong Moving Averages support.
Breaking out to All Time High.
As earnings approaches and Markets surge a sustained
move to $400 is possible.
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