LRCX – Gap Fill First, Then Retest and Potential Move to ATH

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LRCX LRCX is currently trading just below a key resistance zone, supported by strong bullish momentum and a confirmed Golden Cross formation.

🔍 Technical Scenario
There is a high probability that price may fill the gap above without retesting the current resistance. After the gap is filled, we could see a pullback to retest the previously untouched resistance zone (now acting as support).

If this retest is successful and holds, the structure may support a continuation move toward the All-Time High (ATH) zone.

📌Trade Plan
Entry: Avoid chasing the breakout candle. Wait for a gap fill, followed by a clean retest of the broken resistance zone. Enter on confirmation of support holding.

Stop Loss: Place SL just below the retest zone or under the most recent higher low (structure-based stop).

Target 1: Gap fill completion

Target 2: All-Time High (ATH), if retest confirms

⚠️Risk Management
The gap-fill rally without retest can be volatile. Patience is key — let the price come back and confirm the breakout zone as new support.

As always, DYOR and manage your position sizing based on your risk profile.

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