KLA Corporation

Maybe a Bit Stretched

81
Price 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.

Penafian

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