LRCX is looking at one more leg of a downside 3-wave correction and test the lower support at 798.98 level. We believe that the formation of a 5-wave larger degree broadening wedge is underway and if it form successfully , the stock will stage a grand rebound to the upside in the long-termNote
Rebound near 886 support is stronger than we expected, we believe the stock is likely to continue higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.