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Lam Research Corp.(LRCX:NASDAQ) Elliott Wave Technical Analysis 21 June 23


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Lam Research Corp., Elliott Wave Technical Analysis
Lam Research Corp., (LRCX:NASDAQ): Daily Chart, 21 June 23,
LRCX Stock Market Analysis: The stock has been moving as expected for quite some time and we have been sitting at this level for a while. It looks like the trend is still bullish but being a leading diagonal wave (v) cannot to be longer than (iii) at 668$.
LRCX Elliott Wave Count: Wave (v) of {i}.
LRCX Technical Indicators: Above all averages.
LRCX Trading Strategy: Looking for one last leg higher to then retrace.
TradingLounge Analyst: Alessio Barretta
 
LRCX_6_21.png.ae90133af36360ae667d539e56cdb8f5.png
 
 

 
Lam Research Corp., LRCX: 4-hour Chart, 21 June 23
Lam Research Corp., Elliott Wave Technical Analysis
LRCX Stock Market Analysis: Looking for one last move higher into wave v as the initial move down into wave iv looks like a three wave move, therefore bullish corrective.  
LRCX Elliott Wave count:  Wave v of  (v).
LRCX Technical Indicators: Above all averages.
LRCX Trading Strategy: Looking for longs into wave v.
LRCX_4H.png.c3dcc8c4e0b7dcc1e8c95d4597829ee6.png
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