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KLA Corp.(KLAC:NASDAQ) Elliott Wave Technical Analysis August 31, 2022


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KLA Corp., Elliott Wave Technical Analysis

KLA Corp.,(KLAC:NASDAQ): Daily Chart, August 31, 2022, 
KLACStock Market Analysis:We have reached equality of wave (a) and c), which is often times a zone where we start to see reversals. However the move lower in wave c) does not look completed.

KLAC Elliott Wave count:  c) of {ii}
KLACTrading Strategy: Looking for the completion of wave {ii} to then look for longs.

KLACTechnical Indicators:We are sitting at the 200EMA(purple line) as well as we are moving lower on the RSI indicating a loss in momentum.

TradingLounge Analyst: Alessio Barretta

KLAC_8_31.png.59dfa41f4eb357c209b6c1a8566669e9.png

 

 


 

KLA Corp.,KLAC: 4-hour Chart, August 31 2022, 

KLA Corp.,Elliott Wave Technical Analysis
KLAC Stock Market Analysis: Looking for continuation lower into wave iii of (v) as the move lower into wave c) looks like an incomplete bearish move.

KLACElliott Wave count:  Wave iii of (v).
KLAC Technical Indicators:Indicators suggest for further downside as we are below all averages.

KLACTrading Strategy: We could look for short term short positions to unfold to complete wave {ii}.

KLAC_4H.png.7344fc1d758c2098f1dc9fc83d085852.png

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