The PEAD projected a neutral outlook following $LRCX positive over reaction placing the stock in Drift B
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Great chart overall when viewed through multiple resolutions. Been on an uptrend channel since 2015 and only breaking below the weekly channel during the last 2 weeks of March 2020 which was when we were seeing exponential numbers of COVID-19 related cases/fatalities.
Just an idea
Potential breakout for LRCX , history may repeat here
Good inflow of volume and before earnings
This could be a good entry point - study charts and do your own research before investing
- POTENTIAL STARTING WAVE 5, made a 1-2.
- NICE ROUNDING BOTTOM BASE
- BREAKOUT LEVEL OVER 516.65.
- WATCH MU EARNINGS AS IT CAN IMPACT $LRCX AND OTHER SEMI'S
- POTENTIAL TARGET ZONE FOR WAVE 3 - 545 - 575.98
- POTENTIAL TARGET FOR WAVE 5 - 602 FINAL TARGET
Original eWave count was Jan 7.
imgur.com
What a monster this ticker has been. It 's a set it and forget it trade in long term portfolio, but I do believe time is coming for profit taking and a pull back. There are multitudes of bullish patterns that are near completion and bearish signals are abundant. Here is a bearish setup that I will be watching into next week for an options trade in short term...
Lam Research Corp. (LRCX, $479.22) is predicted by Tickeron's A.I.dvisor to grow by 4% to $498.39 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 81%. Current price $498.39 is above $371.00 the highest support line found by Tickeron A.I....
Looking at the LRCX chart, the overall price is moving within the uptrend channel. On big picture, LRCX is still bullish. However, LRCX is predicted to begin price consolidation soon. This prediction is based on Elliott wave counts where LRCX has almost completed its small degree wave (3) movements (refer to the chart). Therefore, the wave (4) consolidation will...
NASDAQ:LRCX confirmed breakout of the C&H. Few weeks hold. PT $460-480.
SL at $380.
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idea played out just like i imagined it would ! now look for a test of previous 52w highs and that should act as support. im looking for a dip entry around 390-410. goodluck :)
