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KLA Corp.(KLAC:NASDAQ)Elliott Wave Technical Analysis

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KLA Corp., Elliott Wave Technical Analysis

KLA Corp.,(KLAC:NASDAQ): Daily Chart, August 12, 2022, 
KLACStock Market Analysis:Looking for further continuation lower into wave c) of {ii}. Wave (b) may not be finished, however I am still looking for further downside after the initial move up we had in a five wave manner.

KLAC Elliott Wave count:  Wave c) of {ii}.
KLACTrading Strategy: wait for the end of wave {ii} to start building long positions to target ATH.

KLAC Technical Indicators:We are above all EMAs which suggests we have resumed the uptrend. We could find support off the 200 EMA.

TradingLounge Analyst: Alessio Barretta




KLACorp.,KLAC: 4-hour Chart, August 12 2022, 

KLA Corp., Elliott Wave Technical Analysis
KLAC Stock Market Analysis: Looking for completion of wave (b) to then resume downside into wave c) which could eveb be traded on short timeframes.

KLACElliott Wave count:  Wave c of (b).
KLAC Technical Indicators: We are facing resistance off the 20 EMA which could be a sign wave (b) is completed or nearly completed.

KLACTrading Strategy: You could either look for shorts into wave c) or/and wait for a larger swing once wave {ii} is finished and target he upside with wave {iii}.


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