LRCX Horizontal Line at 720s hold again for Lam Research?Horizontal line at 720s continues to work great for LRCX Lam Research. Lam Research is trading with a Forward P/E ratio of 21.75 which is discounted to its industry group Forward P/E of 25.6.
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LRCX Lam Research Corporation Options Ahead of EarningsIf you haven`t bought LRCX before the previous earnings:
Then analyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week,
I would consider purchasing the 880usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $34.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LRCX Lam Research Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week,
I would consider purchasing the 650usd strike price at the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $20.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Lam Research: Back in the Saddle! 🏇LRCX is moving south again in line with our primary expectation. The price should now fall below the support at $299.59 with its gray wave c until it ends in the white target zone between $279.57 and $156.62, thus completing the superior white wave (II). Our alternative on the upside has lost some probability but remains in place with a chance of 38%. This scenario predicts an overshooting wave alt.b in gray on a break above the resistance at $726.53 before the price moves lower, as in our primary expectation.
LRCX exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
30% of LRCX Lam Research Corporation revenue comes from China.
My price target for LRCX, considering the gap as well, is $385, but the buy area is even lower, around $345 i think.
Looking forward to read your opinion about this.
LRCX: The RIPPER 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 to print this year as I stated in my year end analysis.
LRCX Showing Bullish Charts Leading into Earnings tonight Trend Analysis:
-->Looks to be breaking resistance at $215. Strong earnings will likely allow the price to break through.
-->Hit support early today around $208
Indicators & Overlays:
-->MACD looking to cross over close to 0
-->DMI+ looking to cross over DMI- in an upward trend
-->RSI showing resistance at 40 and moving upward back to the 80 range
