LCRX is retesting the Cup N Handle BREAKOUT FROM 2023! 🤯
LRCX has already tested and bounced off of its Cup n Handle breakout from 2023 twice and is forming the right shoulder of a shorter-term inverse H&S pattern!
Will it bounce again?! Drop a comment below.
The risk/reward ratio on this one is crazy good, IMO! It's going to take something drastic for that CupnHandle breakout support to bust!
My Short Term PT for this chart is: 🎯$80 My Long Term PT for this chart is: 🎯$107
Not financial advice! 🖖
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Don't look now but we just formed a HAMMER CANDLE on the Daily and Weekly Chart right at the bounce point I outlined above. BULLISH heading into earnings!
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LRCX HUGE EARNINGS CALL after close today for this company to determine where the stock price will go but things are looking bullish going into earning as we are at a very STRONG support area, had a hammer candle stick on the daily chart yesterday, and we have now just engulfed it. Very bullish
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So market tanks pretty hard today and this name still can't break that Cup n Handle support Barrier?! BULLISH!
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Gonna be Deep in the money on my options tomorrow. $80 price target will get hit this week after a great earnings by LRCX Congrats anyone who followed me on this.