Sure I'll give it a try. KLAC has a lot of congestion right just a shade under 25 which was previous resistance in the past. The stock may not fall that low because the lower Bollinger Band is well above that at 27.62 currently.
stockcharts.com[l,a]mhclyiay[d19950101,20020622][pb50!b200!d20,2!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G
These charts pretty much do all the work for anyone who wants to take the time to pick out a potential entry point but I would also note that to get more accurate readings looking for high volume areas on the chart and checking for historical prices might come in handy. Perhaps looking for a point on the chart where you see numerous similar prices and then checking those time periods for volume in the area will help pinpoint these support levels.
chart.yahoo.com
You can also run price by volume to confirm this if there is any doubt:
stockcharts.com[l,a]mhclyiay[d19950101,20020622][pb50!b200!d20,2!i!f][vc60][iUb14!Uk14!Ul14!Lp14,3,3!Lf!Lc20!Lah12,26,9]&pref=G
Hope that helps. I know there are many here who get much more into technical analysis than I do but charts don't lie. Only people do. I'm not going to pretend I have any great insight into the future. Your guess at what might happen is as good as mine.
RtS |
