Nov. 14 at 2:53 AM
$KLAC: The last close at
$1161.72 indicates a position above the 30-day moving average (MA30) of
$1147.1, suggesting bullish momentum. However, the RSI at 46.45 is neutral, indicating that the stock is not overbought or oversold, which may lead to further consolidation before a direction is established. The stock is currently trading well above the 60-day low of
$832.24 but below the 60-day high of
$1284.47, indicating potential resistance ahead.
Directional bias leans slightly bullish due to the proximity to the MA30. Suggested entry is around
$1160, with a stop loss set at
$1130 to manage risk. Target 1 is
$1220, aligning with previous resistance levels, and Target 2 is
$1280, close to the 60-day high. Monitoring the ATR of 42.35 will help gauge volatility and adjust targets accordingly.
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