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KLA Corp.(KLAC:NASDAQ) Elliott Wave Technical Analysis November 7 2022


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KLA Corp., Elliott Wave Technical Analysis

KLA Corp., (KLAC:NASDAQ): Daily Chart, November 7 2022, 

KLAC Stock Market Analysis: Moving as predicted in the last forecast. It looks like we can havea five wave move off the lows which suggests the uptrend could have resumed.

KLAC Elliott Wave Count: Wave {i} of 5.

KLAC Technical Indicators:Using the 20EMA as support and the 200EMA as resistance.

KLAC Trading Strategy:Looking for a larger pullback into potential wave {ii} to then placelongs.

TradingLounge Analyst: Alessio Barretta

 

KLAC_11_7.png.2a762eb6e3d4199c7ddaa85c609ad9fe.png

 

 

 

KLA Corp., KLAC: 4-hour Chart, November 7 2022

KLA Corp., Elliott Wave Technical Analysis

KLAC Stock Market Analysis: We are approaching the yellow area which represents the areabetween the 0.618 and equality of (i) vs (v) which is where I would most likely assume we will befacing resistance.

KLAC Elliott Wave count: Wave (v) of {i}.

KLAC Technical Indicators: Above all EMAs.

KLAC Trading Strategy:You may look for very short term longs into wave (v).

KLAC_4H.png.6ce99f719c9b49375338b9b6e8406086.png

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