Lam research - Corrective range at the top

May 30

LRCX is looking at one more leg of a downside 3-wave correction and test the lower support at 798.98 level. We believe that the formation of a 5-wave larger degree broadening wedge is underway and if it form successfully , the stock will stage a grand rebound to the upside in the long-term

Jun 11

Note

Rebound near 886 support is stronger than we expected, we believe the stock is likely to continue higher.