RE: LAM has reached overbought short term11 Aug 2020 16:40
tesa
re - Why do you think the retrace is due,
One has to cover all scenarios, and the retracement is the one that we may not like to think about, but it happens all the time, the reasons already explained yesterday. ( Indicators overbought, weak order book on the bid side ) maybe to add today falling from the Tramlines.
Another point today
On a very strong Market FTSE 100 and FTSE 250, LAM is on the way down , naturally sells are more prominent.
re - waiting for news
yes there are high expectations for that, but can be either way get it or not get it, and as the share price has been rising due to that, then .........