KLAC - Ascending Triangle Breakout An ascending triangle with a strong breakout
The middle line (dashed line) is a good potential spot for recovery after this recent sharp rise
4KLAC trade ideas
Uptrend BOSUptrend 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
Is This the Best Time to Enter a Short Trade?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 long entry price. And you can make as much on the way down as you did on the way up.
Mirror in the sky?
KLAC - Uptrend 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
$KLAC Bottoming ActionReally 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.
$KLAC with a Neutral outlook following its earnings #Stocks 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%.
Head and ShouldersA 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 of the neckline can be paramount.
Larger orange type are possible targets 1. Smaller orange type are targets if price goes below targets 1.
No recommendation.
$KLAC with a Bullish outlook following its earnings #Stocks 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 66.67%.
KLAC ready to make new all time highs?* Exceptional earnings quarter over quarter
* Incredibly strong up trend over the long term
* High 3-month relative strength of 2.87 in the Tech sector
* Pays out dividends
* Breaking out of a base on base pattern
* First base lasted ~8 months before breaking out
* Second base formed immediately after the breakout and has been forming for the past ~9 weeks
* Current week is also forming a bullish engulfing candle
* It did try and break out of the second base earlier but due to current market conditions it had a slight pull back.
* Now it's breaking out for the second time with higher than average volume.
Trade Idea:
* You can enter now at today's close as a starter position if you want to stay in the market and set a closer target.
Our scanner pointed out KLAC as a possible trading opportunity.
Current price is at a decent distance from 52-weeks highs and lows, according to the formula: .
The system identifies more buyers than sellers at this time.
Company was also compared to its competitors and has higher than average score.
Here's the algo trader best strategy to trade.
Cup and Handle Earnings 4-29 AMCEarnings are 4-29 AMC (after market close)
KLAC has experienced a throwback, which brought it back below long entry level.
I have owned this before and it was a roller coaster ride for sure! Just an FYI. KLAC can move a lot in one day, in both directions.
There was a hanging man during the throwback. A hanging man is bearish and they look like a hammer, bottom wick but no top wick on the candle. Hammers are found at the bottom of a downtrend whereas hanging men are found at the top. There is a bearish engulfing candle today.
No recommendation.
Possible stop under handle low or mid cup. Cup depth is 68.97. If I enter, I will wait until closer to handle low (o: The handle low is almost even with midcup. If the handle reaches below mid cup, which is did by 70 cents, some consider the cup pattern invalidated. I feel that is a bit too close to invalidate the pattern, but if it goes any lower than 317, I would consider it. Patterns fail. Right now there would be a lot of support there.
Ichimoku entry KLACAnother cloud twist trigger like NXPI a few days ago, it'll be good to get another data point on whether these ones tend to be too late to be worth entering or if that was just randomness taking effect
KLAC (NYSE) - It can be the next TSLA ???Greetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
KLAC (NYSE) - It can be the next TSLA ???
$KLAC with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $KLAC after a positive under reaction following its earnings release placing the stock in Drift A
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ABC BullishKLAC fell from a rising wedge but there have been multiple RWs since the bottom for KLAC
Possible stop below C
Volatile stock for sure and I am guessing it may pull back a bit more
Gr8 company
If I ever catch this on a near a bottom or ultra strong support, I would buy it
Not a recommendation
V Bottom RISING WEDGE! Long after completes fall from WedgeKLAC has traveling in a rising wedge from the bottom to the top. Question is how far she will fall
In the process now. I will go long when she finishes falling which may be at original B/O level at 184 to 185ish. Sometimes they do not fall far, just beware
Could be lower so keep an eye one it.
Not a suggestion,. I plan to buy when descent from Rising wedge is complete
V Bottom Narrowing Rising Wedge? Klac has reached break out and topped prior high. Broke out at 184.5ish The narrowing rising wedge is a bit worrisome. The stock has been in it since the corona bottom though and has not broken the bottom of the wedge...so maybe she wont fall out, but if she does I will buy more
Short is relatively low. just an observation
Earnings 8-3
V BottomKlac has broken out and hopefully she goes a long way
I've traded this one in the past and I think of it as volatile, but a healthy company
Earnings 8-3 AMC and they rarely miss
Break out for V Bottoms is over the prior high
Be safe/
Not a recommendation
