Lam Research Corp., Elliott Wave Technical Analysis

Lam Research Corp., (LRCX): Daily Chart, Wednesday, June 21.

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

Lam Research Corp., LRCX: 4-hour Chart, Wednesday, June 21

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.

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