LRCX Bounces Strong – $235 Holds, $245 Next?Lam Research CorporationBATS:LRCXDEXWireNewsLRCX trades at ~$235.31 (up +0.45% intraday on 1H chart), showing consistent upside momentum after bottoming near $219.01 in early 2026. The stock rallied strongly through 2025 on AI-driven semiconductor equipment demand, peaking near $256.67 in late 2025 before a multi-month correction erased much of the advance. Key observations: - Downtrend from Nov 2025–Feb 2026 formed lower highs/lows with heavy selling pressure. - Recent price action bounced decisively off $219–$224 support, forming higher lows and reclaiming $230+ zone with solid volume on up days. - Momentum firmly bullish; price holding well above the rising 50-period MA. Analytical buyer outlook: - Upside trigger: Break $240–$245 on volume — targets $250–$256 retest, then new highs. - Support to defend: $227–$230 zone; break risks pullback to $224–$219. - AI chip fab expansion, foundry spending, and equipment cycle tailwinds remain strong. Verdict: Deep correction exhausted — bullish reversal well underway. Buyers dominant near $230–$235. Constructive setup for continuation; bias strongly positive if $245 clears.