KLA Corporation., Elliott Wave Technical Analysis

KLA Corporation., (Nasdaq: KLAC): Daily Chart 15 September 2023

KLAC Stock Market Analysis: We have been monitoring this stock for quite some time as we expected continuation higher within wave {iii}. Looking for a potential leading diagonal in wave (i) of {iii} to then take off into wave (iii).  

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

KLAC Technical Indicators: Below 20EMA. 

KLAC Trading Strategy: Looking for longs into wave (iii).

Analyst: Alessio Barretta

KLA Corporation., KLAC: 4-hour Chart, 15 September 2023

KLA Corporation., Elliott Wave Technical Analysis
KLAC Stock Market Analysis: Looking for wave (ii) to end near the wave ii of the diagonal at around 450$, which would also correspond to then 38.2% of the pullback in wave (ii).

KLAC Elliott Wave count:  Wave a of (iii).

KLAC Technical Indicators: Below 20EMA.  

KLAC Trading Strategy: Looking for longs into wave (iii).

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