Long and short term the price is ascending in a clear upwards channel. Price channel go brrrrrrrr(a money printer). Jk don't listen to me. Areas marked to look out for.
Entry: when price clears 473.98
Volume: with daily volume greater than 1.24M
Target: 506 area
Stop: Depending on your risk tolerance; 463.28 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
We have corrected the rise since June 22nd and are facing the MA now.
As we are in an uptrend and the breaks below the MA on June 21st and 23rd have failed and were both bought with a good momentum I assume that we may restart to follow the trend again from here on.
#KLA Corporation NASDAQ:KLAC
📈Chart Pattern: Cup and handle & All time high
🫵Perspective: Long
💔Stop loss: Breaking $ 420
NASDAQ:KLAC SKILLING:NASDAQ AMEX:SPY
- KLA has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- KLA has broken a resistance level and given a positive signal for the long-term trading range.
- KLA has broken up through resistance at 397.
- In case of negative reactions, there will now be support at 397.
- Overall assessed as technically...
Price is at the resistance line of the Descending Triangle.
It is above the .236 of the trend up.
Strong stock. Volatile.
No recommendation.
52 Week Range
250.20
429.46
Day Range
380.51
388.36
EPS (FWD)
24.90
PE (FWD)
15.09
Div Rate (FWD)
$5.20
Yield (FWD)
1.38%
Short Interest
1.49%
Market Cap
$51.55B
KLA Reported earnings On Jan 26 and beat estimates by $0.30 and guided revenues higher. They did guide earnings lower than expected. As a result the stock has moved around quite a bit since then. But now it looks to me that we have both a Pennant Pattern and a VCP pattern. Of course, it can break either way. I’ll be looking to go long if it can break above the...
The PEAD projected a Bullish outlook for $KLAC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
The PEAD projected a Bullish outlook for $KLAC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
Long candle shadow reaching down to find support.
To me these long tails can represent desperation.
Tons of volume which may cause/probably will cause/ a pop up. Pocket pivot which represents high volume.
Appears this will take a while.
I think it will eventually cave but strong stock and obviously there is some large investment positions protecting this...
Price is above bands set on an 80 DMA.
Price has come a long ways since it was below the bands being stretched to the downside.
KLAC may be stretched to the upside at this point or getting very close.
As much as I like this stock, I am stepping out for now.
This looks like a W to me. The last leg of a W pattern can be very profitable, but these tend to...
Uptrend in progress
Waited for break of structure
Waited for pullback and higher volume brought call on continuation
1bar pullback is best for RR profile
3:1 RR
Maybe not. Is this a short long term? Probably so.
Price is below the bands. Price is stretched downward with selling pressure. It is the law of life I suppose, but when a ton sell, you will see buyers as a rule, and vice versa.
I plan to short this, but I do know I can lose $ on the way down as well as the way up.
Short entry price can be as critical as...
Weekly timeframe showing some similar positions above the uptrend line
I am using this comparability to predict future price movement
Uptrend will very likely hodl, as it extends back to ~1970's
Really like the bottoming action on $KLAC
Semi name I would like to get onboard.
Tightening action right at its 200 MA and after breaking a down trend line.
I like it with that nice clean pivot.
The PEAD projected a Neutral outlook for $KLAC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
A head and shoulders top is not valid until the neckline is broken with a confirmed downtrend.
It is not unusual for breaks of the neckline to occur before a clean break is made and a downtrend progresses. Price of often tests the support of the neckline.
Short interest is low at 1.06%.
Strong stock so investigate before you invest. Waiting for a clean break...
