🚀 Trade Idea: LRCX (Lam Research) - RSI2 Connors Strategy Setup
Entry: $98.59
Stop Loss (SL): $89.34 (~9.4% risk)
Take Profit (TP): $117.29 (~19% upside)
Risk-Reward Ratio: 1:2
📈 Trade Rationale
RSI2 Connors Buy Signal Triggered
LRCX hit an RSI2 ≤ 10 (oversold) on July 31, generating a high-probability buy signal per Connors' mean-reversion strategy.
Historically, stocks bouncing from extreme RSI2 lows tend to see short-term rallies.
Key Support & Resistance Levels
Support: Strong demand zone near $95–$98 (previous swing low).
Resistance: Next target at $117.29 (prior swing high + Fibonacci extension).
Stop Loss Placement
Placed below the recent swing low ($89.34) to avoid premature exits while respecting volatility.
📉 Risk Management
Position Size: Risk ≤ 1–2% of capital per trade.
Exit Plan:
Partial TP at RSI2 > 60 (scaling out 50%).
Trailing Stop if price trends beyond $110.
🔍 Why This Works
Mean-Reversion Play: LRCX is oversold in the short term with room for a bounce.
Semiconductor Sector Strength: If broader tech rallies, LRCX could outperform.
👨💻 Trade Active? Drop a comment below!
#TradingView #RSI2 #ConnorsStrategy #Semiconductors #LRCX
Disclaimer: This is not financial advice. Always do your own analysis. 🚨
Entry: $98.59
Stop Loss (SL): $89.34 (~9.4% risk)
Take Profit (TP): $117.29 (~19% upside)
Risk-Reward Ratio: 1:2
📈 Trade Rationale
RSI2 Connors Buy Signal Triggered
LRCX hit an RSI2 ≤ 10 (oversold) on July 31, generating a high-probability buy signal per Connors' mean-reversion strategy.
Historically, stocks bouncing from extreme RSI2 lows tend to see short-term rallies.
Key Support & Resistance Levels
Support: Strong demand zone near $95–$98 (previous swing low).
Resistance: Next target at $117.29 (prior swing high + Fibonacci extension).
Stop Loss Placement
Placed below the recent swing low ($89.34) to avoid premature exits while respecting volatility.
📉 Risk Management
Position Size: Risk ≤ 1–2% of capital per trade.
Exit Plan:
Partial TP at RSI2 > 60 (scaling out 50%).
Trailing Stop if price trends beyond $110.
🔍 Why This Works
Mean-Reversion Play: LRCX is oversold in the short term with room for a bounce.
Semiconductor Sector Strength: If broader tech rallies, LRCX could outperform.
👨💻 Trade Active? Drop a comment below!
#TradingView #RSI2 #ConnorsStrategy #Semiconductors #LRCX
Disclaimer: This is not financial advice. Always do your own analysis. 🚨
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.