LRCX (Lam Research Corporation) – Long Setup Trading Idea: NASDAQ:LRCX (Lam Research) - Long Setup
🎯 Idea: LONG
⏰ Timeframe: Daily + 4H for entry
📊 Pattern: Pullback into Support in a Bullish Trend
Fundamental Catalyst:
Strong Fundamental Score: 7/9
Growth: Strong YoY Revenue & Earnings Growth
Balance Sheet: Excellent Debt Management (De
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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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
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LRCX – Gap Fill First, Then Retest and Potential Move to ATHLRCX NASDAQ:LRCX is currently trading just below a key resistance zone, supported by strong bullish momentum and a confirmed Golden Cross formation.
🔍 Technical Scenario
There is a high probability that price may fill the gap above without retesting the current resistance. After the gap is fi
Lam Research May Be Done ConsolidatingLam Research rallied sharply in late April and early May. Now, after a period of consolidation, some traders may expect a breakout.
The first pattern on today’s chart is the bullish price gap on May 12 after Treasury Secretary Scott Bessent lowered tariffs on China. LRCX spent the next two weeks i
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