Trading (KLAC) With Integrated Risk Controls

January 04, 2024, 17:26 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KLAC

• Buy KLAC slightly over 545.79 target 589.94 stop loss @ 544.21 Details

The technical summary data tells us to buy KLAC near 545.79 with an upside target of 589.94. This data also tells us to set a stop loss @ 544.21 to protect against excessive loss in case the stock begins to move against the trade. 545.79 is the first level of support below 546.44 , and by rule, any test of support is a buy signal. In this case, support 545.79 is being tested, a buy signal would exist.

• Short KLAC slightly under 589.94, target 545.79, stop loss @ 591.64 Details

The technical summary data is suggesting a short of KLAC as it gets near 589.94 with a downside target of 545.79. We should have a stop loss in place at 591.64though. 589.94 is the first level of resistance above 546.44, and by rule, any test of resistance is a short signal. In this case, if resistance 589.94 is being tested, a short signal would exist.

Swing Trading Plans for KLAC

• Buy KLAC slightly over 559.34, target 582.44, Stop Loss @ 557.72 Details

If 559.34 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 559.34, with an upside target of 582.44. The data also tells us to set a stop loss @ 557.72 in case the stock turns against the trade. 559.34 is the first level of resistance above 546.44, and by rule, any break above resistance is a buy signal. In this case, 559.34, 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 slightly near 559.34, target 545.79, Stop Loss @ 560.96. Details

The technical summary data is suggesting a short of KLAC if it tests 559.34 with a downside target of 545.79. We should have a stop loss in place at 560.96 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, 559.34, 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 slightly over 555.66, target 559.34, Stop Loss @ 554.36 Details

If 555.66 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 555.66, with an upside target of 559.34. The data also tells us to set a stop loss @ 554.36 in case the stock turns against the trade. 555.66 is the first level of resistance above 546.44, and by rule, any break above resistance is a buy signal. In this case, 555.66, 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 slightly near 555.66, target 545.79, Stop Loss @ 556.96. Details

The technical summary data is suggesting a short of KLAC if it tests 555.66 with a downside target of 545.79. We should have a stop loss in place at 556.96 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, 555.66, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Kla Corporation (KLAC) available here: KLAC.

KLAC Ratings for January 04:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	501.43
P2	544.98	559.34	545.79
P3	555.66	582.44	589.94

AI Generated Signals for KLAC

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