Lam Research Corporation-(LRCX/NASDAQ)-Long Idea
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.
The above weekly chart formed an approximately 9-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 108 levels acted as a resistance within this pattern.
A daily close above 111.2 levels validated the breakout from the 9-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 207 levels.
LRCX, classified under the "technology" sector, falls under the “Large Cap - Growth” stock category.
Modine Manufacturing Company-(MOD/NYSE)-Long Idea
Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally.
The above weekly chart formed an approximately 10-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 145.3 levels acted as a resistance within this pattern.
A daily close above 149.65 levels validated the breakout from the 10-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 320 levels.
MOD, classified under the "consumer cyclical" sector, falls under the “Mid Cap - Growth” stock category.
AudioCodes Ltd.-(AUDC/NASDAQ)-Long Idea
AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace worldwide.
The above weekly chart formed an approximately 24-month-long symmetrical triangle chart pattern as a bullish reversal after a downtrend.
A daily close above 12.3 levels would validate the breakout from the 6-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 29 levels.
AUDC, classified under the "technology" sector, falls under the “Small Cap - Growth” stock category.
Sun Tekstil Sanayi ve Ticaret A.S. -(SUNTK/BIST)-Long Idea
Sun Tekstil Sanayi ve Ticaret A.S. designs, produces, and sells knit fabrics and ready-made womenswear garments in Turkey and internationally.
The above daily chart formed an approximately 3-month-long cup & handle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 50.65 levels acts as a resistance within this pattern.
A daily close above 52.17 levels would validate the breakout from the 3-month-long cup & handle chart pattern.
Based on this chart pattern, the potential price target is 85 levels.
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S.-(PKART/BIST)-Long Idea
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. manufactures and sells smart cards.
The above daily chart formed an approximately 8-month-long rectangle chart pattern as a bullish continuation after an uptrend.
The horizontal boundary at 89.4 levels acts as a resistance within this pattern.
A daily close above 92 levels would validate the breakout from the 8-month-long rectangle chart pattern.
Based on this chart pattern, the potential price target is 150 levels.