Stock Of The Day / 01.16.25 / LRCX
01.16.2025 / 
LRCX #LRCX
Fundamentals. Positive news background in the semiconductor chip manufacturing sector.
Technical analysis.
Daily chart: Exit upwards from a wide range with the upper limit of 79.36, formed on October 25, 2024 and confirmed by several touches of the level.
Premarket: Gap Up on moderate volume.
Trading session: The price formed a tightening to the level 79.36 after the opening of the session. We consider a long trade to continue the upward movement when the tightening is formed along the trend.
Trading scenario: breakout (tightening) of the level 79.36
Entry: 79.67 after the breakout and retest. A more conservative entry is possible at the exit upwards from the trade range above the level.
Stop: 79.31, we hide it below the level 79.36.
Exit: Close part of the position at 82.15 when a trading range forms under the level of 82.50 and an unsuccessful attempt to break through it. Close the remaining part of the position at a price of 81.79 when the structure of the uptrend is broken.
Risk Rewards: 1/6
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
LRCX #LRCXFundamentals. Positive news background in the semiconductor chip manufacturing sector.
Technical analysis.
Daily chart: Exit upwards from a wide range with the upper limit of 79.36, formed on October 25, 2024 and confirmed by several touches of the level.
Premarket: Gap Up on moderate volume.
Trading session: The price formed a tightening to the level 79.36 after the opening of the session. We consider a long trade to continue the upward movement when the tightening is formed along the trend.
Trading scenario: breakout (tightening) of the level 79.36
Entry: 79.67 after the breakout and retest. A more conservative entry is possible at the exit upwards from the trade range above the level.
Stop: 79.31, we hide it below the level 79.36.
Exit: Close part of the position at 82.15 when a trading range forms under the level of 82.50 and an unsuccessful attempt to break through it. Close the remaining part of the position at a price of 81.79 when the structure of the uptrend is broken.
Risk Rewards: 1/6
P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information.
Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
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.