We also have KLA bucking the broader market trend and moving upwards today, up more than 55% since the start of the year, Charles. So, how will you deal with KLA? Yes, this stock is very similar to many AI stocks we see, as it has begun to break free from these short-term technical levels and has the potential to move.
Now, this stock is a little more difficult because sometimes it may rise strongly with the entire AI sector, and sometimes it may deviate and be weak or stand out strongly on its own.
I believe this is an obscure name and an undervalued trading field . Not enough people are looking at it, especially since they split their shares. But with the news of " ASML", this could certainly be a boost for names like " KLAC", "AMAT" and others.
So, like the execution price of 918. Sorry, the contract 918 is at an execution price of 194. This is important, because for me, one of the key dynamics is for the stock to stay above the 187 level, which is the level they are holding today.
Therefore , I want to buy execution options at $194 at a price of $5.80 or less, with a stop loss order at around 40%. I don't think we need a large stop-loss order like the others, because if the stock crashes, it's likely to get caught in a trap.
I also don't think the target for the rise will be too high. I think the rise will only be at around $200, at least for the time being, and that will bring us close to achieving gains of 100%.
If it breaks above $200 , a more powerful breakout is likely to occur, potentially pushing the stock towards $225, but of course we need to break above $200 first. Therefore, this is a quick trade, where we are targeting what I call easy-to-pick fruits that continue to hold this key support level.
I truly believe this stock should be on traders' radar right now .