Short KLAC - KLA Corporation - Bearish DivergenceKLA 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.
Impulse is yellow.
On the daily a bearish divergence is seen, a bit depending on the opening on monday.
Impulse is yellow.
Looking at the 4H chars, we already do have a divergence, and on the daily it will therefore be likely it becomes a nice bearish divergence as well.
on the 4H chart we can see the bearish divergence is already happening and perhaps we are a bit late to the party. Let’s see how the market opens. Impulse is already red here.
The idea is:
Entry: 179.40 / or better
Stoploss: 185.25
Target zone 169-165
R/R Ratio: 1:1,8 to 1:2,5
