0JPO trade ideas
KLAC Long PositionKLA Corporation (KLAC) has had promising earnings reports for the past two years and is trading in a larger uptrend for the past years. The stock recently had a small pullback but price action on smaller timeframes indicate the end of this pullback and the continuation of the larger uptrend. Therefore, this seems to be a reasonable moment to enter the trade. Furthermore, multiple US banks are targeting a share price of (little) over $800.
I would enter this trade around the current share price of $650, target a share price of $797 and put a stop loss at $610.
KLA Corp: A Long-Awaited Pullback I’ve been waiting for years to see KLA Corp pull back, and the opportunity has finally arrived. From a numbers standpoint, this company has an incredible track record—they haven’t missed earnings as far back as I can find, making it one of the strongest performers in its space.
The recent hit across the semiconductor sector seems to stem from a dip in margins. KLA’s margins, which were in the 30% range, have slipped into the high 20s%, and the market was clearly expecting explosive growth to continue.
With the stock now over 25% off its highs, this looks like a great entry point.
I’m in at $660.
KLAC is BearishPrice was in an uptrend, however a bearish divergence led to the break of previous higher low, and printing of lower low. The bears seem to be controlling the price action and hence as per Dow theory further slide is expected. Targets are mentioned on the chart.
Back to the 800sIt's been a tough week, and with every indicator ready to be repurchased up, why don't we start getting back to a bit of normalcy? See 900
790 area seems key The indicators continue to go down for this reset. I see the 20/50 combo at the upper 700s; then I see that the retest is still ongoing and could take another 6-7% before seeing some life of retreat.
I have revisted this ideaIt has followed the pattern and the trend direction several times. At this point, it is channeling its way up and may be in a position to create H&S before rushing down some more; however, if history repeats, it can continue to decline until it finds firm support, which we are seeing at 787.
The Stock's Appreciation ContinuesDuring the appreciation leg, KLAC formed a small pivot whose subsequent candles did not violate the support of the Fiboclouds, which aligned and compacted in the H4, D, and W timeframes.
This movement suggests a breakout towards the intermediate target. If this projection materializes in practice, and a partial realization occurs at the first target, the stop loss should be moved from its initial position to the same line where the position was entered.
This way, the journey towards the final target will proceed with reduced risk of losses and the preservation of the partial gains achieved so far.
Remember that, ideally, only a daily close above 786 activates the entry to a 'buy' position.
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Ready to get a breakSMA is in an excellent trending position, but even the MACD is exhausted. I see KLAC making a trip back to 700s,
KLAC potential Buy setupReasons for bullish bias:
- Simple DOW theory
- Price broke ATH
- Bullish flag pattern
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 824.10
Stop Loss Level: 727.96
Take Profit Level 1: 920.24
Take Profit Level 2: Open
KLA Corporation (KLAC)I've invested in NASDAQ:KLAC , I like it as a company it has everything in the right place.
I expect the price to reach above $900 which is over 20% growth
KLAC: Clear Technical DirectionLong and short term the price is ascending in a clear upwards channel. Price channel go brrrrrrrr(a money printer). Jk don't listen to me. Areas marked to look out for.
KLAC Entry, Volume, Target, StopEntry: when price clears 473.98
Volume: with daily volume greater than 1.24M
Target: 506 area
Stop: Depending on your risk tolerance; 463.28 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Before MAWe have corrected the rise since June 22nd and are facing the MA now.
As we are in an uptrend and the breaks below the MA on June 21st and 23rd have failed and were both bought with a good momentum I assume that we may restart to follow the trend again from here on.
$KLAC Long#KLA Corporation NASDAQ:KLAC
📈Chart Pattern: Cup and handle & All time high
🫵Perspective: Long
💔Stop loss: Breaking $ 420
NASDAQ:KLAC SKILLING:NASDAQ AMEX:SPY
KLA - Breakout Falling Trend Channel- KLA has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- KLA has broken a resistance level and given a positive signal for the long-term trading range.
- KLA has broken up through resistance at 397.
- In case of negative reactions, there will now be support at 397.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Descending Triangle Price is at the resistance line of the Descending Triangle.
It is above the .236 of the trend up.
Strong stock. Volatile.
No recommendation.
52 Week Range
250.20
429.46
Day Range
380.51
388.36
EPS (FWD)
24.90
PE (FWD)
15.09
Div Rate (FWD)
$5.20
Yield (FWD)
1.38%
Short Interest
1.49%
Market Cap
$51.55B
$KLAC Pennant Pattern / VCPKLA Reported earnings On Jan 26 and beat estimates by $0.30 and guided revenues higher. They did guide earnings lower than expected. As a result the stock has moved around quite a bit since then. But now it looks to me that we have both a Pennant Pattern and a VCP pattern. Of course, it can break either way. I’ll be looking to go long if it can break above the pennant.
Ideas, not investing / trading advice.
From earningswhispers.com
K L A-Tencor Beats
K L A-Tencor (KLAC) reported 2nd Quarter December 2022 earnings of $7.38 per share on revenue of $3.0 billion. The consensus earnings estimate was $7.08 per share on revenue of $2.8 billion. The Earnings Whisper number was $7.28 per share. Revenue grew 26.8% on a year-over-year basis.
The company said it expects third quarter earnings of $4.52 to $5.92 per share on revenue of $2.20 billion to $2.50 billion. The current consensus earnings estimate is $5.83 per share on revenue of $2.54 billion for the quarter ending March 31, 2023.
KLA-Tencor Corp is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries.
$KLAC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KLAC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
$KLAC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KLAC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
Still Above Neckline (317.38)Long candle shadow reaching down to find support.
To me these long tails can represent desperation.
Tons of volume which may cause/probably will cause/ a pop up. Pocket pivot which represents high volume.
Appears this will take a while.
I think it will eventually cave but strong stock and obviously there is some large investment positions protecting this level.
No recommendation/This will be long and hard one to hang with if one were short/volatile as a volcano )o:
Just never know! I just am doubtful it will see new highs for quite some time and seeing lower prices eventually seems inevitable.
Maybe a Bit StretchedPrice is above bands set on an 80 DMA.
Price has come a long ways since it was below the bands being stretched to the downside.
KLAC may be stretched to the upside at this point or getting very close.
As much as I like this stock, I am stepping out for now.
This looks like a W to me. The last leg of a W pattern can be very profitable, but these tend to reverse when the last leg hits it's landing pad.
No recommendation. Be safe and good luck (o:
Time will tell.
Targets in orange are possible targets to the downside if/when this reverses.
KLAC - Ascending Triangle Breakout An ascending triangle with a strong breakout
The middle line (dashed line) is a good potential spot for recovery after this recent sharp rise
