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Lam Research Corp.(LRCX:NASDAQ) Elliott Wave Technical Analysis 5 April 23


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Lam Research Corp., Elliott Wave Technical Analysis

Lam Research Corp., (LRCX:NASDAQ): Daily Chart, 5 April 23,

LRCX Stock Market Analysis: We are looking for a nest within nest {iii} as we expect a sharp upside move in the following days.  

LRCX Elliott Wave Count: Wave {iii} of 5.  

LRCX Technical Indicators: 20EMA as support.

LRCX Trading Strategy: Looking for long term longs after we break higher off this temporary sideways movement.  

TradingLounge Analyst: Alessio Barretta

 

LRCX_4_5.png.42ca0e1bb6a0bdfbc4b1bfe6a0285691.png

 

 

Lam Research Corp., LRCX: 4-hour Chart, 5 April 23,

Lam Research Corp., Elliott Wave Technical Analysis

LRCX Stock Market Analysis: Looking for a potential three wave move into wave ii already completed. In order to confirm the count we need to start moving higher relatively soon.  

LRCX Elliott Wave count: Wave iii of (iii).

LRCX Technical Indicators: In between averages.

LRCX Trading Strategy: Looking for upside with a stop below (ii) which is invalidation level.

LRCX_4H.png.312129d78447e4e0d400ae62b5c68b3b.png

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