The Security is trading in a falling parallel channel indicating a falling wedge, where the upper trend line falls faster than the lower trend line.

There is a shortfall seen in the security which is indicating a breakout on the downside. The security is trading below the EMA which indicates a negative trend. For the security to change trend on the upside it has to close above the upper trend line.

A consolidation at this rate will be an opportunity to enter short in the market.

Advice: Sell on rise or in consolidation.

LamResearch

Apr 26 2022