Opinion on KLAC?

[Goods]

KLAC broke out of sideways action with strong volume on July 17th. But each subsequent high, Aug 9th and Aug 20th has failed to reach new top the previous one. Looking like a triangle forming since the breakout.

Not sure what to make of it. Thoughts?

[whodi]

looks like a short-term double top, but at the same time, you may use the
SMA50 at 57.60 as an exit point if it breaks clear under it, or if you want to give it a little more wiggle room, it broke out over 57.77, these areas look like support to me, so u can use a stoploss at 56, its low was 55.89 on august 16 and will break under that if it can't hold the 56 level. It still hasn't closed the gap up from august 16th. I think I would wait on this one a little big longer for a better sign. I really don't see an entry point right now. It can really go either way at its current level. Just keep a close eye on it and remember to post if you see something interesting about it and need another opinion again.

[Goods]

Thanks Whodi.
Wasn't necessarily looking to get in, just a pattern I hadn't seen before. I'll keep an eye on it.