Elliott Wave Technical Analysis: KLA Corp. - Wednesday, Nov. 2

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KLA Corp., Elliott Wave Technical Analysis

KLA Corp., (Nasdaq: KLAC): Daily Chart, November 2, 2022 

KLAC Stock Market Analysis: Looking for a five-wave impulsive move off the lows. I am looking for a pullback soon into wave (iv).

KLAC Elliott Wave Count: Wave (iii) of {i}.

KLAC Technical Indicators: Starting to break through the 20 and 50 EMA.

KLAC Trading Strategy: Looking to place longs once we can a clearer idea of how wave (iv) is going to develop.

Analyst: Alessio Barretta

KLA Corp., KLAC: 4-hour Chart, November 2, 2022

KLA Corp., Elliott Wave Technical Analysis

KLAC Stock Market Analysis: Looking for a pullback soon as we have approached 1.618 (iii) vs(i).

KLAC Elliott Wave count: Wave (iii) of {i}.

KLAC Technical Indicators: 200EMA acting as resistance.

KLAC Trading Strategy: Waiting for further developments into wave (iv).


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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