05May
Lam Research Corp., Elliott Wave Technical Analysis 05 May 2023
Lam Research Corp., Elliott Wave Technical Analysis 05 May 2023
4Hour
Lam Research Corp., LRCX: 4-hour Chart, May 5 2023,
Lam Research Corp., Elliott Wave Technical Analysis
LRCX Stock Market Analysis: It looks like e are in wave 2 of iii which seems to be confirmed by looking at even lower timeframes as we seem to have a three wave move into micro wave 2.
LRCX Elliott Wave count: Wave 2 of iii.
LRCX Technical Indicators: 20EMA as support.
LRCX Trading Strategy: Looking for further upside into wave iii with invalidation level where the red line is at 482.5$.
Daily
Lam Research Corp., Elliott Wave Technical Analysis
Lam Research Corp., (LRCX:NASDAQ): Daily Chart, May 5 2023,
LRCX Stock Market Analysis: It looks like the triangle had been confirmed with the upmove in what seems to be wave i. Alternatively we have a truncated wave (v) and we are resuming lower.
LRCX Elliott Wave Count: Wave i of (v).
LRCX Technical Indicators: Above all averages, 20EMA as support.
LRCX Trading Strategy: Looking for further upside into wave iii with invalidation level where the red line is at 482.5$.
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