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Lam Research Corp.(LRCX:NASDAQ) Elliott Wave Technical Analysis 14 August 23


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Lam Research Corp., Elliott Wave Technical Analysis
Lam Research Corp.,  (LRCX:NASDAQ): Daily Chart 14 August 23
LRCX Stock Market Analysis: It looks like we anticipated the top of wave {iii} and we are already into the making of minute wave {iv}. Looking for additional downside into wave {iv} to then look for additional longs.  
LRCX Elliott Wave Count: Wave {iv} of 1.  
LRCX Technical Indicators: Below 20EMA.s
LRCX Trading Strategy: Looking for a bottom in wave {iv} to then look for longs.  
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
LRCX_8_14.png.d69173acbe50689f0696d598244ad5c6.png
 
 

 
Lam Research Corp., LRCX: 4-hour Chart, 14 August 23
Lam Research Corp., Elliott Wave Technical Analysis
LRCX Stock Market Analysis: Looking for a three wave move into wave {iv} or else a sideways move such as a triangle. It looks like we are only in wave (a) of {iv}. Support is expected within the yellow box which represents 0.618 and equality of {iv} vs. {ii}.  
LRCX Elliott Wave count:  Wave (a) of {iv}
LRCX Technical Indicators: Below 20EMA.
LRCX Trading Strategy: Looking for additional confirmation we are in wave {iv}. Invalidaiton level stands at 504$.
LRCX_4H.png.a1fce6c8a440570699fe0b3571940170.png
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