When the Price of Lam Research LRCX Talks, People Listen

Source: Stock Traders Daily

Longer Term Trading Plans for LRCX
  • Buy LRCX over 587.77 target 643.50 stop loss @ 586.07 Details
  • The technical summary data tells us to buy LRCX near 587.77 with an upside target of 643.50. This data also tells us to set a stop loss @ 586.07 to protect against excessive loss in case the stock begins to move against the trade. 587.77 is the first level of support below 611.36 , and by rule, any test of support is a buy signal. In this case, support 587.77 would be being tested, so a buy signal would exist.

  • Short LRCX under 643.50, target 587.77, stop loss @ 645.36 Details
  • The technical summary data is suggesting a short of LRCX as it gets near 643.50 with a downside target of 587.77. We should have a stop loss in place at 645.36though. 643.50 is the first level of resistance above 611.36, and by rule, any test of resistance is a short signal. In this case, if resistance 643.50 is being tested, so a short signal would exist.

Swing Trading Plans for LRCX
  • Buy LRCX over 643.50, target 659.92, Stop Loss @ 641.64 Details
  • If 643.50 begins to break higher, the technical summary data tells us to buy LRCX just over 643.50, with an upside target of 659.92. The data also tells us to set a stop loss @ 641.64 in case the stock turns against the trade. 643.50 is the first level of resistance above 611.36, and by rule, any break above resistance is a buy signal. In this case, 643.50, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LRCX near 643.50, target 593.49, Stop Loss @ 645.36. Details
  • The technical summary data is suggesting a short of LRCX if it tests 643.50 with a downside target of 593.49. We should have a stop loss in place at 645.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 643.50, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LRCX
  • Buy LRCX over 643.50, target 659.92, Stop Loss @ 642 Details
  • If 643.50 begins to break higher, the technical summary data tells us to buy LRCX just over 643.50, with an upside target of 659.92. The data also tells us to set a stop loss @ 642 in case the stock turns against the trade. 643.50 is the first level of resistance above 611.36, and by rule, any break above resistance is a buy signal. In this case, 643.50, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LRCX near 643.50, target 593.49, Stop Loss @ 645. Details
  • The technical summary data is suggesting a short of LRCX if it tests 643.50 with a downside target of 593.49. We should have a stop loss in place at 645 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 643.50, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LRCX Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 587.77
P2 560.72 593.49 643.50
P3 591.64 659.92 700.82

LRCX Long Term Analysis for January 26 2022


LRCX Swing Trading Analysis for January 26 2022


LRCX Day Trading Analysis for January 26 2022

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lam Research (NASDAQ: LRCX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LRCX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

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