Elliott Wave Technical Analysis: KLA Corp., Monday, Nov. 7

KLA Corp., Elliott Wave Technical Analysis

KLA

KLA Corp., (KLAC): Daily Chart, November 7, 2022 

KLAC Stock Market Analysis: Moving as predicted in the last forecast. It looks like we can have a five wave move off the lows which suggests the uptrend could have resumed.

KLAC Elliott Wave Count: Wave {i} of 5.

KLAC Technical Indicators: Using the 20EMA as support and the 200EMA as resistance.

KLAC Trading Strategy: Looking for a larger pullback into potential wave {ii} to then place longs.

TradingLounge Analyst: Alessio Barretta

KLA Corp., KLAC: 4-hour Chart, November 7, 2022

KLA Corp., Elliott Wave Technical Analysis

KLAC Stock Market Analysis: We are approaching the yellow area which represents the areabetween the 0.618 and equality of (i) vs (v) which is where I would most likely assume we will be facing resistance.

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

KLAC Technical Indicators: Above all EMAs.

KLAC Trading Strategy:You may look for very short term longs into wave (v).


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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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