LRCX (Lam Research) - RSI2 Connors Strategy Setup🚀 Trade Idea: LRCX (Lam Research) - RSI2 Connors Strategy Setup
Entry: $98.59
Stop Loss (SL): $89.34 (~9.4% risk)
Take Profit (TP): $117.29 (~19% upside)
Risk-Reward Ratio: 1:2
📈 Trade Rationale
RSI2 Connors Buy Signal Triggered
LRCX hit an RSI2 ≤ 10 (oversold) on July 31, generating a high-proba
Key facts today
Lam Research shares fell 4.5% after Morgan Stanley downgraded them to 'Underweight' and cut the price target from $94 to $92, citing slowing growth in NAND memory markets.
0.065 USD
4.61 B USD
15.84 B USD
About Lam Research Corporation
Sector
Industry
CEO
Timothy M. Archer
Website
Headquarters
Fremont
Founded
1980
ISIN
ARBCOM4603X6
Lam Research Corp. engages in the design, manufacture, marketing, refurbishment, and provision of semiconductor processing equipment used in the fabrication of integrated circuits. It operates through the following geographical segments: United States, China, Europe, Japan, Korea, Southeast Asia and Taiwan. The company was founded by David K. Lam in 1980 and is headquartered in Fremont, CA.
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🔍 Technical Scenario
There is a high probability that price may fill the gap above without retesting the current resistance. After the gap is fi
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