30Mar
Lam Research Corp., Elliott Wave Technical Analysis 30 March 2023
Lam Research Corp., Elliott Wave Technical Analysis 30 March 2023
4Hour
Lam Research Corp., LRCX: 4-hour Chart, March 30 2023,
Lam Research Corp., Elliott Wave Technical Analysis
LRCX Stock Market Analysis: Having reach 0.618 c vs. a and especially strongly reacting off it, usually signifies the bulls are back in control. In addition to that on lower time frames(1H) wave c appears as a clear five wave move, confirming the overall count. At last, if we were to continue lower wave (ii) would start to get larger than wave {ii} compromising the whole count.
LRCX Elliott Wave count: Wave i of (iii).
LRCX Technical Indicators: Above all averages.
LRCX Trading Strategy: Looking for quick short trades into wave iii.
Daily
Lam Research Corp., Elliott Wave Technical Analysis
Lam Research Corp., (LRCX:NASDAQ): Daily Chart, March 30 2023,
LRCX Stock Market Analysis: We had a sharp reaction to the upside during yesterday’s session. At this point there is evidence suggesting we could be looking at a potential extension as labelled.
LRCX Elliott Wave Count: Wave (iii) of {iii}.
LRCX Technical Indicators: Above all averages.
LRCX Trading Strategy: Looking for upside into wave (iii).
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