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LAM RESEARCH CORP CED EACH 20 REPR 1LAM RESEARCH CORP CED EACH 20 REPR 1LAM RESEARCH CORP CED EACH 20 REPR 1

LAM RESEARCH CORP CED EACH 20 REPR 1

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LRCX WCA - Inverted head and shoulders Company: Lam Research Corporation Ticker: LRCX Exchange: NASDAQ Sector: Technology Introduction: Greetings, and welcome to today's technical analysis of Lam Research Corporation (LRCX) on the NASDAQ. We're focusing on a 13-month-old inverted head and shoulders pattern, suggesting a potential bullish breakout. Inverted Head and Shoulders: The Inverted Head and Shoulders pattern is a classic reversal signal. It's formed by a left shoulder, a head, and a right shoulder, with the head being the lowest point. The neckline connects the high points of the pattern, acting as a resistance level. A breakout above the neckline signals a potential bullish reversal. Analysis: On the weekly chart of LRCX, we can observe a well-formed inverted head and shoulders pattern. The neckline, which also acts as our resistance, sits at 536. Both shoulders of the pattern are extended, with the right shoulder characterized by a mini-consolidation in the form of an ascending triangle. This ascending triangle is consolidating very close to the neckline, indicating increasing bullish pressure. The price is trending above the 200 EMA, further supporting the bullish bias. A breakout above the neckline would open up the potential for significant upside. Conclusion: If this neckline is breached, we have a potential price target of 762, representing a 43% rise from the neckline. As always, it's crucial to use risk management and proper position sizing in your trading strategy. Please note that this analysis is not financial advice. Always conduct your own due diligence before trading or investing. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:LRCX
by KarimSubhieh
LRCX: Red Countdown 13 is comingLam Research Corporation is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their wiring. "This has been a brutal memory cycle, low spending in memory could get lower, record foundry will probably slow, and the surge in trailing edge China foundry creates some risks," Morgan Stanley analyst Joseph Moore wrote in an investor note.
NASDAQ:LRCXShort
by sequentialvision
Tight Consolidation in Lam ResearchSemiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research. The first pattern is the rising 50-day simple moving average (SMA). LRCX has consolidated in a tight range around that line during the last three weeks, a potential sign the intermediate-term uptrend remains in effect. Next, roll back the clock to mid-January when the 50-day SMA rose above the 200-day SMA. That kind of “golden cross” may suggest the longer-term direction has turned more bullish. Third, the recent lows were near a 50 percent retracement of the rally between late-December and early February. Finally, prices are back above the 21-day exponential moving average (EMA), which may suggest bulls are taking control over the shorter term. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:LRCX
by TradeStation
1
Lam Research USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NASDAQ:LRCX
by Sunstorminvest
Expanding Triangle - 520 breakout levelLRCX very bullish yet very volatile setup. I posted recently but have recognized my initial count was not correct. The correct count is the following: - LRCX is completing the final leg of an Expanding Triangle as the 5th wave of a larger Expanded Flat, which is the wave 4 of a larger motive sequence that started a decade ago off the low around 31.17. - the B wave of the Wave 4 expanded flat was its all time high of 731.85 in Jan 2022, which was a 1.418 extension of the A of EF (thus, the A of 4) - There are multiple indications that Friday May 20 was bottom (f leg of expanding triangle, c of v of C of 4): 1) pinbar candle on the daily chart 2) showed support at the A level around 450 and at the same time found support at the downtrend off the Jan high - the pinbar tail got bought up quick at that 450 3) 3 counts down off the e leg completed Friday May 20 - it is currently on second count of 3 up 4) the retracement of B of expanding flat showed equality with the previous extension at about 1.418 *Minimum target is the upper trendline of expanding triangle around 520 (should test that this week and attempt breakout) **Intermediate target if we get breakout is 548 *** Goal target is new All time high above 731 (estimating 786) to complete wave 5 of the bullish impulse by August-October of 2022. I will post a bigger picture view idea to reference for the overall counts, this idea was meant to focus on the zoomed in expanding triangle which indicates breakout is imminent. Interesting that breakout attempt is aligning time wise with NVDA earnings May 25. If they beat it would likely provide catalyst for the inductry to run and LRCX perfect setup to move big up. Best, A. Crawley
NASDAQ:LRCXLong
by JerryManders