It is quite surprising that today was not more of a massacre for the chip/semi sector , bargain hunters stepped in just after the open to buy up what the algos were selling and weak hands were selling. It really was not much of a surprise that AVGO had a negative outlook, what did anyone expect? Apple , Huawei and Trump is all that needs to be considered, until...
On 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...
The 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.
Looking 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 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...
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. ...
My 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
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LRCX
