Alerted week 1, still strong to hit mid to high 700Going strong as it consolidates in an area of volatility, still awaits to reach the target in mid-700 based on variables consisting of trend.
Key facts today
extreme double bottom on KLACcrazy double bottom with positive signal from RSI and OBV, nice setup for a big pop!
KLA-Tencor Corporation | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# KLA-Tencor Corporation
- Double Formation
* A+ Set Up)) | Completed Survey At 900.00 USD
* Retracement | Not Numbered | Subdivision 1
- Triple Formation
* Pattern Confirmation | Entr
KLAC Long PositionKLA Corporation (KLAC) has had promising earnings reports for the past two years and is trading in a larger uptrend for the past years. The stock recently had a small pullback but price action on smaller timeframes indicate the end of this pullback and the continuation of the larger uptrend. Therefo
KLA Corp: A Long-Awaited Pullback I’ve been waiting for years to see KLA Corp pull back, and the opportunity has finally arrived. From a numbers standpoint, this company has an incredible track record—they haven’t missed earnings as far back as I can find, making it one of the strongest performers in its space.
The recent hit acros
KLAC is BearishPrice was in an uptrend, however a bearish divergence led to the break of previous higher low, and printing of lower low. The bears seem to be controlling the price action and hence as per Dow theory further slide is expected. Targets are mentioned on the chart.
Back to the 800sIt's been a tough week, and with every indicator ready to be repurchased up, why don't we start getting back to a bit of normalcy? See 900
790 area seems key The indicators continue to go down for this reset. I see the 20/50 combo at the upper 700s; then I see that the retest is still ongoing and could take another 6-7% before seeing some life of retreat.
I have revisted this ideaIt has followed the pattern and the trend direction several times. At this point, it is channeling its way up and may be in a position to create H&S before rushing down some more; however, if history repeats, it can continue to decline until it finds firm support, which we are seeing at 787.
The Stock's Appreciation ContinuesDuring the appreciation leg, KLAC formed a small pivot whose subsequent candles did not violate the support of the Fiboclouds, which aligned and compacted in the H4, D, and W timeframes.
This movement suggests a breakout towards the intermediate target. If this projection materializes in practice,
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Displays a symbol's price movements over previous years to identify recurring trends.
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