LRCX
LRCX - Short Its still on a down trend, unless it crosses above the trendline. Watch to see what happens on Monday.
Alex Vieira LAM RESEARCH Strong Buy Price Target RaisedAlex Vieira LAM RESEARCH Strong Buy Price Target Raised
XITK - Tech Feeling InnovativeThe SPDR Innovative Technology ETF has recently broken out of a bullish edge pattern. It also displayed bullish RSI divergence from the price action going back to August.
My price target for this ETF is around $117 which is just below the 2.61 Fibonacci Extension level.
The largest holdings of this ETF include ROKU, SNAP, SHOP, TER, & LRCX. Happy hunting.
LRCX Earnings PlayI got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this.
Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp
We will see what happens. Looks like a small bearish divergence. God speed.
Lam Research (LRCX) Next Target is 360 USDLRCX is about to breakout its prior high, based on symmetry, next target is 360 USD.
30 Year Micron Chart... Very InterestingWe are currently sitting on the original kick-off line dating back to 1993. This line may provide the support for an eventual move towards the 2000 ATH of 98+
LRCX: Dark Pool & Professional Trader Patterns Ahead of EarningsLRCX has an important technical pattern. The stock chart is technically precise. Lines drawn on a weekly chart match perfectly to daily support levels. This is not always the case. The technical precision of certain areas of this chart shows where the professionals have entered and exited. The ability to see the footprints of Dark Pools and Professional Traders is what I have termed Spatial Pattern Recognition Skills for Traders™. This technical analysis skill makes a huge difference in your end-of-year profitability from trading stocks whether you day, swing, position, momentum or intermediate-term trade.
[LRCX] phase 4 -> Don't buy.If you're thinking in long-term, you will not buy. The price is below 30MM, and yet, we can't see strong support.
LRC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Maximum Profit: Yellow Area
SL: Red Line
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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LRC Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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MU Breaking out MU is breaking out after double top and a retest of the prior swing low. MACD crossing is also a positive sign that a run higher is imminent. The strong performance today looks even better given that other stocks in the same sector were smashed on the ER results of LRCX (which i feel was unjustified).
I purchased May 25th 52.50 calls, and a run to the 60 range before May 22nd earnings is entirely possible and would result in over 100% profit
There's still timeGood signs to push at least 265.
Let's see how it develops
Mistake.. "Strong Support" Strong Resistance*
Lam Research - Earnings trifecta but stock down?Lam Research (LRCX) delivered strongly in their Q4 earnings report, but the stock has since tumbled almost 10%.
The market for semiconductors is not going anywhere...
Target: give it to your grandchildren, or at least until processors using silicon fall out of favor.
SOXX and SOXL are also good ways to get some exposure to LRCX and the semiconductor market.
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
$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
