TradingView
workingtraders
Sep 19, 2013 2:38 AM

Short Idea for $KLAC Short

KLA CorporationNASDAQ

Description

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.

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