$LRCX Strategy

24 במאי 2021

Uptrend intact on the daily and weekly charts, in fact, it's looking on the indicators like it wants another swing higher. RSI curled down last Friday to put in an inside red candle. I've identified 2 key levels (the purple lines) to trade the daily range if it moves towards either side. We closed the week at support. I am looking for calls over 633.36 or puts under 601.66. Last week was a very OPEX volatile week and it if the market behaves the same way, we could see these strong moves play out on the weekly range, testing the blue line (support) for the general bullish trend. Mind you, if support is broken, we might find LRCX trade inside the chop of previous weeks inside the blue box below.