From TradingView · · 30s
Lam Research Bullish Watchlist
Lam Research Corp ($LRCX) targets $265-$275 with bullish bias.
In brief
Lam Research Corp ($LRCX) targets $265-$275 with bullish bias. Lam Research Corp ($LRCX) has bullish bias with support at $215-$225 and target of $265-$275. Originally reported by TradingView.
Technical Context
Lam Research Corp ($LRCX) price action shows aggressive pullback from $440.00 to $238.56.
“Following a strong distribution phase from highs above $440.00, LRCX has experienced an aggressive pullback, currently trading at $238.56”
Support Zone
Price targets $215.00-$225.00 support with high-volume node backing.
“High-Volume Node (HVN) Support: Price is approaching a major institutional accumulation zone and structural support floor between $215.00, $225.00 (marked in purple), backed by a dense volume cluster on the Visible Range Volume Profile (VRVP)”
Execution Plan
Long entries expected at $215.00-$225.00 with stop loss below $205.00.
“Support Zone (Trigger Area): $215.00, $225.00 (Expected reaction and reversal floor) Invalidation / Stop Loss: Daily close below $205.00 (Loss of structural volume base)”
What it means
Lam Research Corp ($LRCX) has bullish bias with support at $215-$225 and target of $265-$275.
