LRCX trade ideas
LRCX: Only Way to go is UpOn EVERY analysis I've done Lam Research is only going to go up. 2019 is going to end up being a great year for Lam. The only way it will drop past my support is if something truly catastrophic occurs (which I doubt). A supplement to this gain is the fact that Taiwan Semiconductor (NYSE: TSM) has signaled vastly improved smartphone strength. Overall, watch the semiconductor industry. It will be a good payout in the future.
$LRCX LAM RESEARCH CORP RIDING THE WAVEThe chip/semi sector is on fire and that plays into the hands of LRCX, very positive commentary and upgrades galore has completley turned this sector around from a dismal 2018 in which the lead the market lower. Lam has plenty of room left to run.
Small play potential on $LRCX #OptionsTradingLooking for good, small sized plays for new/struggling traders. Consider feb22 175p on $LRCX. Currently @ 181.33. Looks prime for pullback. Slightly O/E RSI, shooting star on Daily chart, run from 120's to 180's since Dec. & no meaningful selling volume in weeks. #OptionsTrading
LRCX: Dark Pool & Professional Trader Patterns Ahead of EarningsLRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is what I have termed Spatial Pattern Recognition Skills for Traders™. This technical analysis skill makes a huge difference in your end-of-year profitability from trading stocks whether you day, swing, position, momentum or intermediate-term trade.
Lam Research Corporation Announces $5 Billion Share Repurchase LRCX: Lam Research Corporation
2019-01-23 16:15:00
Lam Research Corporation Announces $5 Billion Share Repurchase Authorization
LRCX to test long term trend from 2012 or break out from here?Lam Research is a value investment. I've priced it with long term growth taken into account to be a bargain buy around $190. That said, this equity is on sale. We could be on our way to test the long term trend from 2012 though around 105...which would be insanely cheap. If we break out of this current short term down trend, I will look to take this long. Macro economics gives me pause though. We are on the tail end of an economic cycle. Stay tuned and keep an eye on this one.
Buy On FearMy quant model predicts
Profitability: it has a high probability(68%) to rebound at this level.
Worst Case: it could drop to $88.44
Money Management: Bet no more than 12% of capital
Suggested Strategy: long stock for 5 Days
LRCX - trade setup I love, love, love this setup. Support about to be broken or bounce city.. Let it rip tater chip!
RLCX LongLong based on waves and fibs
My entry: 157.00
Stop Loss: 145.00
Profit Target: 190.00
Risk/Reward: ~1:3
LRCX, riding the wave down...Indicators all confirmed pointing down. Great for a SHORT or a PUT.
First target: $137.80
Second target: $132.71
Happy trading!
[LRCX] phase 4 -> Don't buy.If you're thinking in long-term, you will not buy. The price is below 30MM, and yet, we can't see strong support.
$LCRX AT RESISTANCE AND 20DMALIKE LONG OVER 152.20s
FOR RUN UP TO EARNINGS MID MONTH
155 FIRST STOP TO 160s?
LRCX Intermediate swingIntermediate term 3-4 month maybe. Think will test 166.xx for double bottom. Then start its move to break downtrend.
T1 -188
T2-209
T3- 230
$LRCX poping on earningsLRCX
$LRCX gapping up on earnings beat. I think this may pop at open back to the 188-189 area before pulling back to fill the gap down possibly to the 181ish area. After the fill down I would go long and play this back to the upside for a nice move back towards highs. Should make for a good swing if you want to hold it. Just give it room to come down before making it move back to highs.
