- 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...
KLA has clearly bounced off strongly off the strong support and has moved higher confirming the change in trend. it seems that it is facing some resistance and may give a retracement lower for a buying opportunity. I expect it to retrace in my buy zone between $47.50 - $50.00, where I shall buy after bullish price action. My target would be the resistance zone...
Bearish trend confirmation indications: 1. Formed a double top on the Weekly and Monthly charts 2. It is coming down in a stair step fashion, making lower highs and lower lows on the Daily Chart 3. The bullish trend has been running since a long time, but the monthly candle for November was a big red engulfing candle, and a bearish closing near the lows. 4. Seems...
It just broke out the trendline but RSI remain below the resistance. The volume is below the average. It may pull back test $160.67
KLA Corporation KLAC. On the weekly we see strength is lessening and we even see a possible missing right shoulder divergence on the weekly, so this could be a longer term trade as well. KLAC Weekly: This particular trade now focuses on the daily and 4H charts. The weekly is just shown that is shows the lack of strength, and a declining RSI as well....