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Thursday, February 09, 2006 

KLAC double top and now ?

Chart courtesy of stockcharts

Today most technology stocks gave up their gains and closed with losses.
The Nasdaq Composite Index fell more than 11 points, to 2,255.
The Yesterday rally wasn't confirmed today, so the market can down more points from here.

This stock is trading in a narrow triangle, so keep attention if this stock break the red line resistance or if break the green line support, this situation can happen in the next few days.
55$ is a big resistance, and only was touched two times in the last months so could be difficult to break, so Keep this stock in alert.
Support : 52$ resistance : 55$

That's All. Have a great evening.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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