LRCX16th Jan - Crossing Key level. Daily and Weekly Charts line up. Picked up Feb 195 and 205 Calls. Stoch Moving up.
LRCX trade ideas
LRCX Long on ValueGrowing revenue, margins, free cash flow, and trading at a low-ish historical PE still makes Lam Research a good Value pick. Timing: picking up more with this double bottom found after the slide. Downside: The semiconductor cycle and potential downturn in 2018. But IoT demand should have a greater benefit to prevent it though.
$lrcx ready to resume uptrend!-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence
-lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x
-higher time is in uptrend- pulling back and in area of support
