$LRCX latest market update ๐
Long/Short: Short
Entry: 315.6226โ321.4649
Stop Loss: 330.9300
Targets: 311.0786/304.5871/294.8500
Analysis: This LRCX short move is pretty standard. The short-term EMA crosses below the long-term EMA to form a dead cross, and the MACD also lines up by crossing downwardโan extremely serious โweโre going to dropโ face. However, the RSI is only 33.4; technically it hasnโt reached the oversold zone yet. So, for the short term, the bears are a bit shakyโmore like an awkward situation of โwanting to smash it lower but afraid of getting bought back.โ In plain terms, the chart is grinding your psychology: it looks like itโs about to break down, but every time it gets near 315, it bounces a bit againโlike a clingy ex who wonโt leave you alone. My advice: donโt get emotional and chase the short. Wait until it truly breaks below 310, or rebounds back toward the EMA before considering adding. Set your stop loss at 330.93 and leave it there calmly. If you get stopped out there, it means the trend has a problemโweโll just accept it. A sideways market is the most exhausting, so donโt try to outlast it.
Risk Warning: Recommended stop loss level: 330.930000. Please adjust your position size according to your own risk tolerance.
#LRCX
Long/Short: Short
Entry: 315.6226โ321.4649
Stop Loss: 330.9300
Targets: 311.0786/304.5871/294.8500
Analysis: This LRCX short move is pretty standard. The short-term EMA crosses below the long-term EMA to form a dead cross, and the MACD also lines up by crossing downwardโan extremely serious โweโre going to dropโ face. However, the RSI is only 33.4; technically it hasnโt reached the oversold zone yet. So, for the short term, the bears are a bit shakyโmore like an awkward situation of โwanting to smash it lower but afraid of getting bought back.โ In plain terms, the chart is grinding your psychology: it looks like itโs about to break down, but every time it gets near 315, it bounces a bit againโlike a clingy ex who wonโt leave you alone. My advice: donโt get emotional and chase the short. Wait until it truly breaks below 310, or rebounds back toward the EMA before considering adding. Set your stop loss at 330.93 and leave it there calmly. If you get stopped out there, it means the trend has a problemโweโll just accept it. A sideways market is the most exhausting, so donโt try to outlast it.
Risk Warning: Recommended stop loss level: 330.930000. Please adjust your position size according to your own risk tolerance.
#LRCX