10/22/98 Lam Research (LRCX) Points to watch: Stock bottomed at 8 3/8 on 10/08/98. Strong divergence in weekly MACD at bottom. Divergence in daily RSI at bottom, rsi is in strong uptrend. Daily ADX has fallen below 40 confirming a bottom is in place. Daily OBV is rising. Stocks is nearing resistance (A on chart): Gann angle at 12.5 and the 55 day moving average at 12.93. Buy on upward move through these 2 resistance points |
