Signal Update
Our system’s recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 47.0900, and our valid average buying price stands now at 47.2900. The previous SELL signal was issued on 04/04/2023, 23 days ago, when the stock price was 51.6700. Since then KLIC has fallen by -8.48%.
Market Outlook
We may be at a market bottom or at the start of a reaction rally. Let’s jump on our white horses and go for a bullish ride. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.