Lam Research recently pulled back to the $258 range, with both the 21-day and 50-day moving averages forming a resistance band above it. The RSI has retreated from high levels to around the neutral zone of 52—this structure typically indicates a washout is complete, with direction awaiting confirmation. Ahead of the earnings season window, if data on the semiconductor equipment demand side improves, the $260-265 range could form a double moving average breakout point, with a target of $280 and a stop-loss set below $252, offering a risk-reward ratio of about 1:2. Wait for a breakout confirmation accompanied by increased volume; do not chase during the period of moving average suppression.

Applied Materials has been consolidating with low volume around $390 recently. Uncertainty regarding export controls before the earnings season remains the main suppressing factor. Technically, the moving averages are in a bullish alignment but the slope is flattening. Entry logic: If there is marginal improvement in export control policies or if earnings guidance exceeds expectations, the $385 area can serve as a reference support level, with a target of $415 and a stop-loss at $375. However, the current probability of a successful entry is not high—confirmation signals take precedence over early positioning.