DaytradeTeam Profitzzz
Recaps of DaytradeTeam Trading Systems Performance
Monday, December 12, 2005
Stock Trading Alert---KLAC Old Support Now Resistance
KLAC Stock Trading Alert:
KLAC was in a very nice uptrend channel up until the middle of last week, until it broke under its uptrend line and moved sharply lower on fairly heavy volume:
Now KLAC finds itself in a difficult situation, bumping back up against the old uptrend line, where it is likely to find significant resistance.
We will be watching KLAC very closely over the next few days, possibly entering into a bearish options spread position or even short selling the stock for a swing trade. We will also be watching for day trading opportunities on KLAC--especially if the stock can penetrate back into its old uptrending channel.
Get all of our day trading, swing trading and options trading alerts in real time in our Live Trading Room. Start a trial membership to DaytradeTeam right now!
KLAC was in a very nice uptrend channel up until the middle of last week, until it broke under its uptrend line and moved sharply lower on fairly heavy volume:
Now KLAC finds itself in a difficult situation, bumping back up against the old uptrend line, where it is likely to find significant resistance. We will be watching KLAC very closely over the next few days, possibly entering into a bearish options spread position or even short selling the stock for a swing trade. We will also be watching for day trading opportunities on KLAC--especially if the stock can penetrate back into its old uptrending channel.
Get all of our day trading, swing trading and options trading alerts in real time in our Live Trading Room. Start a trial membership to DaytradeTeam right now!
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