Learn to Evaluate Kla Corp ($KLAC) using the Charts

October 12, 2023, 20:30 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KLAC

• Buy KLAC slightly over 490.48 target 535.43 stop loss @ 489.06 Details

The technical summary data tells us to buy KLAC near 490.48 with an upside target of 535.43. This data also tells us to set a stop loss @ 489.06 to protect against excessive loss in case the stock begins to move against the trade. 490.48 is the first level of support below 501.11 , and by rule, any test of support is a buy signal. In this case, support 490.48 is being tested, a buy signal would exist.

• Short KLAC slightly under 535.43, target 490.48, stop loss @ 536.98 Details

The technical summary data is suggesting a short of KLAC as it gets near 535.43 with a downside target of 490.48. We should have a stop loss in place at 536.98though. 535.43 is the first level of resistance above 501.11, and by rule, any test of resistance is a short signal. In this case, if resistance 535.43 is being tested, a short signal would exist.

Swing Trading Plans for KLAC

• Buy KLAC slightly over 535.43, target n/a, Stop Loss @ 533.88 Details

If 535.43 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 535.43, with an upside target of n/a. The data also tells us to set a stop loss @ 533.88 in case the stock turns against the trade. 535.43 is the first level of resistance above 501.11, and by rule, any break above resistance is a buy signal. In this case, 535.43, 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 535.43, target 494.51, Stop Loss @ 536.98. Details

The technical summary data is suggesting a short of KLAC if it tests 535.43 with a downside target of 494.51. We should have a stop loss in place at 536.98 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, 535.43, 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 504.80, target 535.43, Stop Loss @ 503.62 Details

If 504.80 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 504.80, with an upside target of 535.43. The data also tells us to set a stop loss @ 503.62 in case the stock turns against the trade. 504.80 is the first level of resistance above 501.11, and by rule, any break above resistance is a buy signal. In this case, 504.80, 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 504.80, target 494.51, Stop Loss @ 505.98. Details

The technical summary data is suggesting a short of KLAC if it tests 504.80 with a downside target of 494.51. We should have a stop loss in place at 505.98 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, 504.80, 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 12:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	445.97
P2	492.64	474.48	490.48
P3	504.80	494.51	535.43

AI Generated Signals for KLAC

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Kla Corp (NASDAQ: KLAC) report below can help you understand how to do this. The trading plans for KLAC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.