Elliott Wave Technical Analysis: Lam Research Corp. - Wednesday, Sept. 27

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Lam Research Corp., Elliott Wave Technical Analysis

Lam Research Corp., (Nasdaq: LRCX): Daily Chart, 27 September 2023

LRCX Stock Market Analysis: Looking for upside into wave {v} as we seem to be near the end of the correction into wave {iv}. We could find support on the base channel before turning higher.  

LRCX Elliott Wave Count: Wave (c) of {iv}.

LRCX Technical Indicators: Between 20 and 200EMA.  

LRCX Trading Strategy: Looking for longs into wave {v}.

Analyst: Alessio Barretta

Lam Research Corp., LRCX: 4-hour Chart, 27 September 2023

Lam Research Corp., Elliott Wave Technical Analysis
LRCX Stock Market Analysis: Looking for wave (c) to end within equality and 1.618 (c) vs.(a). We can also look at the current RSI divergence we are seeing.  

LRCX Elliott Wave count:  Wave v of (c).

LRCX Technical Indicators: Below al averages.  

LRCX Trading Strategy: Looking for longs into wave {v} after upside confirmation.


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