
KLA Corporation's stock recently pulled back to test important support levels, including the 50% retracement and prior breakout zones, before reclaiming the 20-day moving average. This price action suggests a constructive bullish structure, with a higher low established and a key support zone between $1,606 and $1,577 reinforcing the trend. For the bullish trend to continue, the stock needs to break above $1,856 and confirm support at the 20-day moving average. If these conditions hold, KLAC is well-positioned for renewed upside momentum driven by strong demand linked to AI infrastructure spending in the semiconductor sector.