FXstreet

Lam Research Corporation (NASDAQ: LRCX) stock price jumped almost 3.5x from $136 in 2018 end to $467 currently, primarily due to favorable changes in its P/S multiple. The weekly price is on bearish erversal by bouncing from 731 resistance level to cross Ichimoku cloud to below to 466 support level. If the price breaks 466 support so the primary strong bearish trend will be continuing, if not so the weekly price will be on secondary ranging to be located below Ichimoku cloud in the bearish area of the chart.

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