KLAC Long Position

KLA Corporation (KLAC) has had promising earnings reports for the past two years and is trading in a larger uptrend for the past years. The stock recently had a small pullback but price action on smaller timeframes indicate the end of this pullback and the continuation of the larger uptrend. Therefore, this seems to be a reasonable moment to enter the trade. Furthermore, multiple US banks are targeting a share price of (little) over $800.

I would enter this trade around the current share price of $650, target a share price of $797 and put a stop loss at $610.