Dec. 6 at 1:23 AM
Actionable Trade Alert for
$LRCX:
Market Context:
$LRCX is currently trading at
$157.09, positioned between its 60-day high of
$167.15 and low of
$108.29. The RSI at 53.76 indicates a neutral stance, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day moving average (MA30) of 154.93 and significantly above the 50-day moving average (MA50) of 148.89, indicating bullish momentum. The proximity to the 60-day high suggests a possible breakout.
Trade Plan:
- Suggested Entry:
$157.50
- Stop Loss:
$150.00 (4.76% risk)
- Take Profit Targets:
- Target 1:
$162.00 (2.85% gain)
- Target 2:
$167.00 (6.30% gain)
- Target 3:
$184.00 (17.14% gain)
This plan provides a clear path to achieve a minimum ROI of over 17% on the third target while maintaining a manageable risk. Monitor price action closely.
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