LRCX trade ideas
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: Is $1000 in the cards in 2022? Alpha Traders members banked hard on LRCX for the last 2 months. Can it continue? A rest day is in order, but if through 707 ATH aren't far away. If it can work through the overhead supply it may be a 1000 name in 2022.
LRCX: THE NEXT FACE RIPPER LRCX is your next chip rip. Creating huge demand and should dip back to 600 before continuing its trip. Over 627.76 has a big day to 640.47 ahead of it soon. Over that $660 area. Ultimate target is $717. Yes you can quote me. December 31 target for that number.
LRCX: THE NEXT FACE RIPPER NVDA money to QCOM, LRCX, AMAT seems to be the trend here. LRCX is primed fora move to 717 in the next 30 days. We are layered long. It won't be straight up, but it will be such a fun ride.
Lam Research - Solid Company! Whats your thought?NASDAQ:LRCX
More consolidation before breaking out??
LRCX LONG SETUP There are two specific wolfe wave setups on the 78 min (AH+ON) and Daily time-frames. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green and blue perforated lines, as shown in the chart. The projected targets for the 78 min and daily setups are 378 and 605,respectively.
$LRCX with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $LRCX after a Negative over reaction following its earnings release placing the stock in drift C
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LAM Research Long!!!!! ONLY IDEA & STUDY PURPOSE !!!!!!!
On Watch: Last Updated 07/24
1) Sector:
Semiconductor In Trend - Crossed D-MA20 and Confirmation
2) Stock Performance:
YTD > 35%
3) Ichi + D-MA20 (Strategy):
Starting Ichi + D-MA20 confirmed + Daily JH Breakout
4) Trend of Ichi + D-MA20:
Trending Up
5) Moving Average Alignment:
Above D-MA50 + Above D-MA20 Supporting
6) Crossing EMAs:
Cross 8 x 21 @ 07/23
7) Time to Earnings:
4 Days to earnings (WARNING)
8) Impulse Maturity:
Breaking Out Descending JH + After Bounce 2Bottom
9) Oscillators MACD & RSI:
MACD Crossing Signal 2 Green bar up
10) Support & resistance Confirmation:
first Ress @ 655 2 Ress @ 673 ATH
11) Risk Reward 2:1 Min:
2.39
1st: 3.65%
N/St: 7.19%
Action Plan:
1) Entry $ 644.65 After Engulfing RED Bar
2) Spinning Top It is Indecision Candle Keep on Watch it goes laterally and Watch
if Pullback Forming entry Point is @ D-MA20
3) Setting Alarm $644.65 & D-MA20 crossing
$LRCX StrategyUptrend intact on the daily and weekly charts, in fact, it's looking on the indicators like it wants another swing higher. RSI curled down last Friday to put in an inside red candle. I've identified 2 key levels (the purple lines) to trade the daily range if it moves towards either side. We closed the week at support. I am looking for calls over 633.36 or puts under 601.66. Last week was a very OPEX volatile week and it if the market behaves the same way, we could see these strong moves play out on the weekly range, testing the blue line (support) for the general bullish trend. Mind you, if support is broken, we might find LRCX trade inside the chop of previous weeks inside the blue box below.
my magnum opus - lrcx will make me rich by septemberlog chart looks beautiful
look
this company is so underlooked its crazy. similar chart to nvidia on the log but way cheaper premiums.
positions: 740/760, 780/800 lotto september (very cheap), great reward.
$LRCX Trade Idea$LRCX TRADE IDEA
Entry: 610
Strike: 5/21 620c
Targets: 625,640,650
Support: 600, 585,570
$LRCX Flag back to Weekly SupportLan Research in the semiconductor equipment group looks to be ready to complete its bull flag pullback to breakout support. On my focus list for next week.
Lam Research Corp (LRCX)- MANUFACTURES ETCH AND CLEANING SYSTEMS USED IN WAFER FABRICATION EQUIPMENT FOR THE SEMICONDUCTOR INDUSTRY.
Lamresearch to buy at weekly demand zone 543 - 500Lamresearch to buy at weekly demand zone 543 - 500
The weekly demand zone has good departure with price sharply increase, should the price retrace to this area, this is the trade!
