Trading Kla Corp KLAC With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for KLAC
  • Buy KLAC over 400.02 target n/a stop loss @ 398.86. Details
  • The technical summary data tells us to buy KLAC near 400.02, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 398.86 to protect against excessive loss in case the stock begins to move against the trade. 400.02 is the first level of support below 407.58, and by rule, any test of support is a buy signal. In this case, if support 400.02 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for KLAC
  • Buy KLAC over 416.58, target 425.80, Stop Loss @ 415.38 Details
  • If 416.58 begins to break higher, the technical summary data tells us to buy KLAC just over 416.58, with an upside target of 425.80. The data also tells us to set a stop loss @ 415.38 in case the stock turns against the trade. 416.58 is the first level of resistance above 407.58, and by rule, any break above resistance is a buy signal. In this case, 416.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short KLAC near 416.58, target 400.02, Stop Loss @ 417.78. Details
  • The technical summary data is suggesting a short of KLAC if it tests 416.58 with a downside target of 400.02. We should have a stop loss in place at 417.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 416.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for KLAC
  • Buy KLAC over 416.16, target 416.58, Stop Loss @ 415.19 Details
  • If 416.16 begins to break higher, the technical summary data tells us to buy KLAC just over 416.16, with an upside target of 416.58. The data also tells us to set a stop loss @ 415.19 in case the stock turns against the trade. 416.16 is the first level of resistance above 407.58, and by rule, any break above resistance is a buy signal. In this case, 416.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short KLAC near 416.16, target 400.02, Stop Loss @ 417.13. Details
  • The technical summary data is suggesting a short of KLAC if it tests 416.16 with a downside target of 400.02. We should have a stop loss in place at 417.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 416.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

KLAC Ratings for November 23:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 333.15
P2 416.16 416.58 365.10
P3 424.25 425.80 400.02

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KLAC Long Term Analysis for November 23 2021


KLAC Swing Trading Analysis for November 23 2021


KLAC Day Trading Analysis for November 23 2021

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