(KLAC) Proactive Strategies

April 28, 2024, 01:26 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for KLAC

• Buy KLAC slightly over 675.73 target 730.81 stop loss @ 673.78 Details

The technical summary data tells us to buy KLAC near 675.73 with an upside target of 730.81. This data also tells us to set a stop loss @ 673.78 to protect against excessive loss in case the stock begins to move against the trade. 675.73 is the first level of support below 706.26 , and by rule, any test of support is a buy signal. In this case, support 675.73 is being tested, a buy signal would exist.

• Short KLAC slightly under 730.81, target 675.73, stop loss @ 732.92 Details

The technical summary data is suggesting a short of KLAC as it gets near 730.81 with a downside target of 675.73. We should have a stop loss in place at 732.92though. 730.81 is the first level of resistance above 706.26, and by rule, any test of resistance is a short signal. In this case, if resistance 730.81 is being tested, a short signal would exist.

Swing Trading Plans for KLAC

• Buy KLAC slightly over 730.81, target n/a, Stop Loss @ 728.7 Details

If 730.81 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 730.81, with an upside target of n/a. The data also tells us to set a stop loss @ 728.7 in case the stock turns against the trade. 730.81 is the first level of resistance above 706.26, and by rule, any break above resistance is a buy signal. In this case, 730.81, 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 730.81, target 675.73, Stop Loss @ 732.92. Details

The technical summary data is suggesting a short of KLAC if it tests 730.81 with a downside target of 675.73. We should have a stop loss in place at 732.92 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, 730.81, 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 730.81, target n/a, Stop Loss @ 729.11 Details

If 730.81 begins to break higher, the technical summary data tells us to buy KLAC just slightly over 730.81, with an upside target of n/a. The data also tells us to set a stop loss @ 729.11 in case the stock turns against the trade. 730.81 is the first level of resistance above 706.26, and by rule, any break above resistance is a buy signal. In this case, 730.81, 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 730.81, target 675.73, Stop Loss @ 732.51. Details

The technical summary data is suggesting a short of KLAC if it tests 730.81 with a downside target of 675.73. We should have a stop loss in place at 732.51 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, 730.81, 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 April 28:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	623.35
P2	660.51	622.41	675.73
P3	675.16	657.36	730.81

AI Generated Signals for KLAC

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Don't over think it!  Trading Kla Corporation (NASDAQ: KLAC) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

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.

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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.