Using the Daily chart you can see that the 281 level is key. It has tested this level several times before & was rejected. Each time it resulted in BIG drops of approx. 20pts, 20pts & 50pts. Another rejection could result in yet another BIG drop. However, if the momentum is able to carry through & hold the 281 level we could see a jump up into the 290's or even...
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
