$KLAC is back in a strong “Go” trend.
In early September, $KLAC moved into a new “Go” Trend that saw higher highs and higher lows and price climb to over $1282. After that high, price moved lower on a majority of weaker aqua bars and as GoNoGo Trend painted consecutive amber “Go Fish” bars representing uncertainty, GoNoGo Oscillator fell into negative territory, failing to find support at the zero line. However, as price rallied and GoNoGo Trend painted strong blue bars, GoNoGo Oscillator rallied to test the zero line from below and has now broken out of a small GoNoGo Squeeze into positive territory. With a strong “Go” trend in place, and a Go Trend Continuation Icon (green circle) telling us that momentum is resurgent in the direction of the underlying “Go” trend, we will watch to see if price can rise to challenge the late October high in the coming days and weeks.
