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 Zigzag correction into $178.47 – $139.49 area in daily against April-2025 low. Buyers should enter there for next leg higher or at least 3 swings rally.
LRCX – Elliott Wave latest daily view
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 ended rally in I of (III) at $256.68 high & favors corrective pullback in II. In daily, it ended ((1)) at $167.15 high, ((2)) at $135.50 low, ((3)) at $251.87 high, ((4)) at $204.57 low & ((5)) as I at $256.68 high. 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.
LRCX – Elliott Wave Daily view from 3.02.2026
Below I high, it favors pullback in Zigzag correction & favors final push lower in daily blue box area. It ended ((A)) of II at $194.08 low, ((B)) at $241.37 high & favors lower in ((C)). Further weakness in ((C)) will confirm below $194.08 low of 3.09.2026. Below there, it can extend into $178.47 – $139.49 to finish II correction against April-2025 low. The buyers will enter there for next leg in III (confirms above February-2025 high) or at least 3 swings bounce. Do not like selling it as overall bias is bullish & trading above ((A)) low.
Source: https://www.fxstreet.com/news/lrcx-elliott-wave-analysis-buyers-eye-1785-1395-support-zone-202603311402
