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Lam Research Corporation

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LRCX trade ideas

$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.
NASDAQ:LRCXLong
by RockyFresh340
1
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 : )
NASDAQ:LRCXLong
by DontSlamTheDoor
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.
NASDAQ:LRCXLong
by TopgOptions
1
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.
NASDAQ:LRCXShort
by MarketIntel
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.
NASDAQ:LRCXLong
by tradepatiently
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.
NASDAQ:LRCXLong
by tradepatiently
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