Growing revenue, margins, free cash flow, and trading at a low-ish historical PE still makes Lam Research a good Value pick. Timing: picking up more with this double bottom found after the slide. Downside: The semiconductor cycle and potential downturn in 2018. But IoT demand should have a greater benefit to prevent it though.
-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence -lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x -higher time is in uptrend- pulling back and in area of support