$LRCX is sitting right on 200 ema and at a critical bounce point. it is also shaping up to be a Symmetrical Triangle / consolidation after a strong prior uptrend. there are several catalysts lined up such as upcoming earnings, AI HBM spending, advanced packaging requirements, among others. But what is interesting is Lam increased its quarterly dividend 27%, from $0.26 to $0.33, with payment scheduled for October 14 to shareholders of record September 23. The chart is sitting around $273–275, right around the lower portion of the symmetrical triangle. Meanwhile, the fundamental story is increasingly bullish. My preference is to wait for a $300–305 breakout/retest before going bullish. Hopefully, RSI and MACD would start turning bullish by then as well. how are you playing this?
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