07Nov
KLA Corp., Elliott Wave Technical Analysis Monday 07 November 2022
KLA Corp., Elliott Wave Technical Analysis Monday 07 November 2022
4 Hour
KLAC Stock Market Analysis: We are approaching the yellow area which represents the area between 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).
Daily
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.
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