Short Idea for $KLAC

228 3 3
Many things working for us to consider a bearish reversal.

We are hitting the 5th wave of the Elliot wave .
Major resistance from all the way back from 2007.
MACD has a nice bearish divergence
Stoch is showing the stock is overbought and due to pull back.
Looking for a pull back to the blue dotted trend line .

$KLAC taking 1/3 60.16
took 1/3 profit at 61
started a short position @ 62.01
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