LRCX trade ideas
LRCX: Worth a shortLRCX looks to have exhausted the upside. The analogue is similar to price action in the past. If so its a good short here.
$LRCX with a neutral outlook following its earnings #BeststocksThe PEAD projected a neutral outlook following $LRCX positive over reaction placing the stock in Drift B
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LRCXGreat 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 setupsPotential 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
$LRCX - Doing what I thought, just took a detour to make the 1-2- 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
LRCX PT $530LRCX is in a falling wedge. Last time it did this the stock ran 47% over 35 days. My PT after a breakout is $530
Get ready to shortWhat 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 portfolio, also, selling my long term position. Cheers!
LRCX, enters a monthly bullish trend.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. Throughout the month of 11/02/20 - 12/03/20, the price experienced a +38% Uptrend. During the week of 11/25/20 - 12/03/20, the stock enjoyed a +8% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2020. You may want to consider a long position or call options on LRCX as a result. Tickeron A.I. detected that in 56 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
LRCX moved above its 50-day Moving Average on October 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for LRCX crossed bullishly above the 50-day moving average on October 12, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 81%.
Following a +3.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where LRCX advanced for three days, in 295 of 376 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 294 of 393 cases where LRCX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%.
LRCX - Price Consolidation Is About To BeginLooking 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 begin soon. We predict the price will move within from its peak to ballpark value of USD405 range, and will be in sideway consolidation.
LRCX Cup and HandleNASDAQ:LRCX confirmed breakout of the C&H. Few weeks hold. PT $460-480.
SL at $380.
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congrats to anyone who played thisidea 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 :)
Lam Research Corporation Announces $5 Billion Share Repurchase ALRCX: Lam Research Corporation
2020-11-05 16:05:00
Lam Research Corporation Announces $5 Billion Share Repurchase Authorization and Declares Quarterly Dividend
entry incoming ! need to be patient look for a test of 420-425 here for a long entry, no position for now. great uptrend ! leave a like ! thank you <3
LRCX Cup and Handleit looks like it's forming cup and handle pattern. possible gap down to 355.50 area before it takes off.
V bottom, on watch for continuationIf that last candle does not prove to be a reversal, continuing the uptrend and break of this box could lead to a large upside move.
9/28/2020 LRCXLRCX has reached the 1.618 retracement implying the possible end of wave 3 of wave 1 of an extended wave 5. It could dip a bit to 330 then up to 350 possibly. Then a wave 2 correction to the 0.618 retracement of the wave finshed wave 1 in the short term. After which wave 3 is expected of the minor wave 5. I will be going long after wave 2 finishes which may be around 310-320.
LAM RESEARCH CORP BULLISH ENGULF COULD TAKE STOCK TO BOC LEVELWith the 2 week LRCX candlestick showing bullish engulf, Lam Research Corporation may be ready to rally up to re-visit the Bearish Order Candle (BOC) at $347.19. Depending on market open on Monday, a gap-up above current price would likely be good to enter the stock at 306.22 while gap-down below current price might be good above 292. There is possibility for the stock price to drop to 270.
Risk: Market sentiment remains bearish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
