The Stock's Appreciation Continues

ethostrader Updated   
BATS:KLAC   KLA Corporation
During 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.

Follow us to receive notifications of new trades and frequent updates on ongoing trades.
Trade closed: target reached:
The first target in KLAC has been reached, resulting in a +10.69% gain over 6 consecutive sessions. Considering the proposed Risk Management for this operation, the stop loss should be moved to 780.50. This action is essential to preserve the gains achieved with this partial result and ensure peace of mind in pursuing the final target, which is a very feasible goal. Follow us to receive new studies based on the FIboNuvens interpretation paradigm, as well as all corresponding updates on these operations. If you found this useful or liked it, please click the "rocket" icon at the bottom of your chart; your support is crucial for these projections to reach more people.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.