Wednesday, November 2, 2022 10:51 AM EST
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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
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_klac_11_2.webp)
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).
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_klac_4h_638029827630407184.webp)
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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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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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