Kla Corp $KLAC Trading Report

October 22, 2023, 10:15 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KLAC

• Buy KLAC slightly over 447.29 target 491.12 stop loss @ 446 Details

The technical summary data tells us to buy KLAC near 447.29 with an upside target of 491.12. This data also tells us to set a stop loss @ 446 to protect against excessive loss in case the stock begins to move against the trade. 447.29 is the first level of support below 462.44 , and by rule, any test of support is a buy signal. In this case, support 447.29 would be being tested, so a buy signal would exist.

• Short KLAC slightly under 491.12, target 447.29, stop loss @ 492.54 Details

The technical summary data is suggesting a short of KLAC as it gets near 491.12 with a downside target of 447.29. We should have a stop loss in place at 492.54though. 491.12 is the first level of resistance above 462.44, and by rule, any test of resistance is a short signal. In this case, if resistance 491.12 is being tested, so a short signal would exist.

Swing Trading Plans for KLAC

• Buy KLAC slightly over 471.05, target 491.12, Stop Loss @ 469.69 Details

If 471.05 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 471.05, with an upside target of 491.12. The data also tells us to set a stop loss @ 469.69 in case the stock turns against the trade. 471.05 is the first level of resistance above 462.44, and by rule, any break above resistance is a buy signal. In this case, 471.05, 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 471.05, target 447.29, Stop Loss @ 472.41. Details

The technical summary data is suggesting a short of KLAC if it tests 471.05 with a downside target of 447.29. We should have a stop loss in place at 472.41 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, 471.05, 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 464.31, target 471.05, Stop Loss @ 463.23 Details

If 464.31 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 464.31, with an upside target of 471.05. The data also tells us to set a stop loss @ 463.23 in case the stock turns against the trade. 464.31 is the first level of resistance above 462.44, and by rule, any break above resistance is a buy signal. In this case, 464.31, 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 464.31, target 456.94, Stop Loss @ 465.39. Details

The technical summary data is suggesting a short of KLAC if it tests 464.31 with a downside target of 456.94. We should have a stop loss in place at 465.39 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, 464.31, 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 Corp (KLAC) available here: KLAC.

KLAC Ratings for October 22:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	447.29
P2	456.94	471.05	491.12
P3	464.31	500.05	536.61

AI Generated Signals for KLAC

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Trading or Investing in Kla Corp (NASDAQ: KLAC) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for KLAC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if KLAC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for KLAC too.  All of these are offered below the Summary Table.