LAM Research made a positive break in November 2022 by breaking upwards through its downwards sloping resistance line at $465.00.
Since the positive break the share has initially reacted positively but has since been trading sideways to lower.
The share still looks set to trade higher and test $530.00 and if breached to the upside it could potentially test the previous high of $725.00.
TSM made a positive break in November 2022 by breaking upwards through its downwards sloping resistance line at $78.00.
Once again, a positive breakout from the triangle formation.
Since then the share has been trading higher and is testing its first resistance level at $90.00.
If this level is broken to the upside the share could test the resistance levels at $94.00 and then $107.90, in our view.
This report provides a technical analysis of US shares LAM Research Corporation and Taiwan Semiconductor Manufacturing.
