The PEAD projected a Bullish outlook for $LRCX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
It opened above the resistance. It shall rise at least 2% today from my buy zone. Let's see what the day gives us.
Another ER play, I like the setup here for quick short profit. Let's see what we get.
Drew this out from 1990 lows and it is looking like if it breaks that price point we are looking out for new lows.
The PEAD projected a Bullish outlook for $LRCX after a Negative Under reaction following its earnings release placing the stock in drift D.
We likely see the cross before the week ends. This not a smart long idea.
500-520 if red 620-630 if green volitality & crazy times we could get both...
This is smaller time interval to see the next few moves.
I am taking my first short tomorrow for the target of $572
Maybe the easiest name to play this week. I'm still salty I sold my 680c we bought for $5 for a measly $11. It ultimately went to $54. A daily close over that ATH and we see 740 and 765 into earnings. Using 714 as local support to short if it can't get over ATH as it ran out of juice Friday after a 50 point day. One of my favorites and looking at LRCX $1000...
Alpha Traders members banked hard on LRCX for the last 2 months. Can it continue? A rest day is in order, but if through 707 ATH aren't far away. If it can work through the overhead supply it may be a 1000 name in 2022.
LRCX is your next chip rip. Creating huge demand and should dip back to 600 before continuing its trip. Over 627.76 has a big day to 640.47 ahead of it soon. Over that $660 area. Ultimate target is $717. Yes you can quote me. December 31 target for that number.
NVDA money to QCOM, LRCX, AMAT seems to be the trend here. LRCX is primed fora move to 717 in the next 30 days. We are layered long. It won't be straight up, but it will be such a fun ride.
NASDAQ:LRCX More consolidation before breaking out??
There are two specific wolfe wave setups on the 78 min (AH+ON) and Daily time-frames. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green and blue perforated lines, as shown in the chart. The projected targets for the 78 min and daily setups are 378 and 605,respectively.
Long LRCX for a swing trade. Based trade off linear regression.