Trading Idea: 
LRCX (Lam Research) - Long Setup
🎯 Idea: LONG
⏰ Timeframe: Daily + 4H for entry
📊 Pattern: Pullback into Support in a Bullish Trend
Fundamental Catalyst:
Strong Fundamental Score: 7/9
Growth: Strong YoY Revenue & Earnings Growth
Balance Sheet: Excellent Debt Management (Debt Score: 10/10)
Technical Setup:
Trend (D1): Bullish ✅
Entry Zone: $100.00 - $101.50 (Confluence of SMA-20 & previous support)
Stop Loss (SL): $90.30 (Below key swing low and SMA-50)
Take Profit 1 (TP1): $115.00 (Initial resistance)
Take Profit 2 (TP2): $121.90 (Previous high target)
RSI2 Signal: Recent Connors RSI2 Buy Signal confirmed the oversold bounce.
Risk Management:
Risk/Reward (to TP2): 1:2.7
Position size accordingly. Consider scaling out at TP1.
Summary: Buying a high-quality company on a technical pullback within a strong uptrend.
⚠️ Disclaimer: Not Financial Advice
This post represents my personal analysis and opinion for educational and informational purposes only. It is NOT a recommendation to buy or sell any security.
Do your own research (DYOR) and make your own trading decisions.
You are solely responsible for any investment or trading decisions you make.
Past performance is not indicative of future results.
Trading equities and futures involves substantial risk of loss and is not suitable for every investor.
#TradingView #LRCX #Long #TechnicalAnalysis #FundamentalAnalysis #Semiconductors #TradingSetup #Investing
LRCX (Lam Research) - Long Setup🎯 Idea: LONG
⏰ Timeframe: Daily + 4H for entry
📊 Pattern: Pullback into Support in a Bullish Trend
Fundamental Catalyst:
Strong Fundamental Score: 7/9
Growth: Strong YoY Revenue & Earnings Growth
Balance Sheet: Excellent Debt Management (Debt Score: 10/10)
Technical Setup:
Trend (D1): Bullish ✅
Entry Zone: $100.00 - $101.50 (Confluence of SMA-20 & previous support)
Stop Loss (SL): $90.30 (Below key swing low and SMA-50)
Take Profit 1 (TP1): $115.00 (Initial resistance)
Take Profit 2 (TP2): $121.90 (Previous high target)
RSI2 Signal: Recent Connors RSI2 Buy Signal confirmed the oversold bounce.
Risk Management:
Risk/Reward (to TP2): 1:2.7
Position size accordingly. Consider scaling out at TP1.
Summary: Buying a high-quality company on a technical pullback within a strong uptrend.
⚠️ Disclaimer: Not Financial Advice
This post represents my personal analysis and opinion for educational and informational purposes only. It is NOT a recommendation to buy or sell any security.
Do your own research (DYOR) and make your own trading decisions.
You are solely responsible for any investment or trading decisions you make.
Past performance is not indicative of future results.
Trading equities and futures involves substantial risk of loss and is not suitable for every investor.
#TradingView #LRCX #Long #TechnicalAnalysis #FundamentalAnalysis #Semiconductors #TradingSetup #Investing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.