Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes & services semiconductor processing equipment used in the fabrication of integrated circuits in the US, China, Korea, Taiwan, Japan, Southeast Asia & Europe. It comes in Technology Semiconductor sector & trades as “LCRX” at Nasdaq.
LRCX favors bullish impulse rally in weekly in I of (III) started from April-2025 low. It favors upside in ((5)) of I towards $262.90 – $280.83 area, while dips remain above 2.05.2026 low. The chasing longs at the moment can be risky as it may ended the I at last peak, if breaks below February-2026 low. We like to buy the pullback in clear 3, 7 or 11 swings in II sequence at extreme area.
In weekly, it ended (I) of ((III)) at $113 high in July-2024 & (II) at $56.36 low in April-2025 within the rally from October-2022. Above $56.36 low, it favors rally in I of (III) & showing 13 swings from April-2025 low. It expects two more highs, while pullback holds above 2.05.2026 low to end I into $262.90 – $280.83. In daily, it placed ((1)) of I at $167.15 high, ((2)) at $135.50 low, ((3)) at $251.87 high & ((4)) at $204.57 low. Within ((1)), it ended (1) at $108.02 high, (2) at $94.11 low, (3) at $153.69 high, (4) at $131.02 low & $167.15 high. Within ((3)), it placed (1) at $169.69 high, (2) at $153.60 low, (3) at $236.10 high, (4) at $213.87 low & (5) at $251.87 high.
Above ((4)) low of $204.57, it ended (1) at $256.68 high & favors pullback in (2). It should find support soon to extend higher in (3), which will confirm above $256.68 high. Once it breaks above (1) high, it should expect two or more highs to end ((5)) into $262.90 – $280.83 area as wave I. Alternatively, if it breaks below $204.57 low, it should be correcting in ((A)) of II, while called I ended at $256.68 high. We like to buy the pullback in II in 3, 7 or 11 swings at extreme area against April-2025 low.
Source: https://elliottwave-forecast.com/stock-market/lam-lrcx-favors-final-push-to-262-9-280-8/