LRCX trade ideas
LRCX ProjectionPositional Trade
LRCX Looks Good ABOVE 726.14
Target 747-756-798-823-849-883 points from entry
Hold a few Weeks
Please consult your financial advisor before investing
All research is for educational purposes only.
Stock is ready to cross past barriers in daily, Daily time frames. breakout after consolidation.
$LRCX approaching gap fill area and is a week away from earningsNASDAQ:LRCX 's recent close above the 9 EMA signals bullish potential. Holding steadily above the $763 level could pivot the stock towards $768, aligning with a crucial gap fill area and setting sights on $778. The positive momentum in related stocks like NASDAQ:NVDA , NASDAQ:AMD , and NASDAQ:SMCI may act as a catalyst for NASDAQ:LRCX , especially given its critical role in memory chip production. Watch for possible significant movements around the January 24 earnings, as these developments could impact its trajectory.
Lam Research Price action and Indicator confirmationNASDAQ:LRCX appears to be in an ascending triangle of some kind, using the last dip as trend support, I suspect NASDAQ:LRCX will make new highs with the rest of the market.
I will target $820 then I honestly think it'll get up to $950 or higher.
There is a big cup and handle with a breakout taking place now too.
The orange circle is where the handle breakout occurred. I believe there is still low risk in hopping into this trade now.
Thanks : )
Lam Research cleared All time highs. Moved past the all time highs. In January expecting it to drawdown a bit to the breakout level 740- 730
Symmetry in LRCX - BullishUpdate to a previous idea I posted recently, this is more accurate.
385 post earnings (by 10/21)
525 by end of Nov 2022
Pullback to 385-400 by Jan 2023
Retest All Time High @ 731 by June 2023
LRCX Inverse head and shouldersPretty straight forward chart. If price makes a clear break above 505$, this inverse head and shoulders could take us all the way to a new all time high of about 840$. The fibonacci channel also confirms this as past resistance is now new support.
DESCENDING TRIANGLEI read LRCX beat earnings yet there appears to be a sell off today.
Price is on the support line of a descending triangle tat is neutral until fully broken.
Prior bearish rising wedge that broke to the upside. Price is trying to break the bottom line level.
Possible RSI Diversion.
No recommendation
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.
$LRCX with the same ingredients for upside potential✅Created Demand Zone
✅Retested the demand zone
✅Crossed above resistance
I am bullish on this. Target are 690.90 and 712.56. Stop loss would be close below the demand zone (603.52)
Follow for more trade ideas. (Always DYOD)
560 by early OctoberLRCX is about to make a major break into bearish territory - right side of red/yellow line
- initial target is 560 on 10/3/2023 (black trajectory)
- goal target is 520s by end of October 2023
Stop loss is a sustained break above the green trajectory
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 Entry, Volume, Target, StopEntry: with price at or slightly above 726.54
Volume: with volume greater than 1.14M
Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 726.54 & target of 806.60, a stop at 686.41 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
LRCX Entry, Volume, Target, Stop, ResistanceEntry: when price clears 644.60
Volume: with daily volume greater than 1.37M or weekly volume greater than 6.7M
Target: 755 area
Stop: Depending on your risk tolerance; 607.75 gets you 3/1 Risk/Reward.
Resistance: 731 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
July Trades (LRCX, account up 1.52%)9th day trade in July is NASDAQ:LRCX on 7/24/2023.
Account is up 1.52%.
Total return in July is 8.43%.
LRCXLRCX (Lam Research Corporation)
designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.)
Current Price:721.26
Entry: 742 (buy stop)
Bullish Signal
- good earnings with a gap up
- MACD crossing up
- 20, 50, 200 MA trending up
- all-time high after breaking the previous high
- semiconductor sector is strong
* set a higher buy stop to avoid fakeout
420-444 by June 23rdThis might be the best short opportunity currently.
LRCX is completing a B wave and setting up for very explosive first leg down of C wave.
Needs to breakdown 582 555 and 547 (should breakdown by 6/9/2023) to get to targets:
Initial target: 491-508
Goal Target: 420-444
LRCX Long PositionI took this as a swing trade. Trend momentum fundamental analysis identifying trend on the intermediate time frame with breakout identified. Within breakout box (in green) the 15 low time frame was used to identify a quality demand zone with high probability of institutional buying via the fixed volume profile indicator. Good risk to reward by my trade plan for a swing trade.
LRCX - LAM RESEARCHHi Folks,
This breakout looks really clean so far.
Entry: 535-540
Stop: 1 ATR around 520
Trailing Stop: let's keep the EMA 10 as base trailing line.
Let's re-evaluate the trade in few 3-5 days see if we can secure a TP1 8-10% at 577
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
440s by mid June 2023Initial target is 500 in coming weeks. A break below that will open door for downside to 447 by mid June.
Levels it needs to break down on path to target are 500, 491, 484, 468
$LRCX basing around its 50 MANot seeing a lot of crisp setups and the very few ones setting up has earnings in 2 to 3 days.
NASDAQ:LRCX is making it to primary list along side NYSE:NEWR
LRCX - building momentumSince Earnings a clear accumulation Consolidation pattern has been unfolding.
If the Indices weren't so extended and into resistance this would be a prime candidate to go long.
Watching Lam Research closely as it has good technical setup if we get a pullback in the market.
This is a longer weekly pattern so it takes some time to play out.
