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
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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$.