Thoughts on $ASML consolidating after recent surge?

asked by u/asrisai · 1d · 4 answers

I'm looking at $ASML and it feels like it's been a monster lately, but after hitting its 1819.515 high today, it seems to be cooling off a bit. I'm wondering if we're going to see it find some support around the 1778-1780 area that it bounced off earlier. If it breaks decisively below that 1778 zone, then my whole idea of a healthy consolidation here is probably out the window, and we might be looking at a deeper pullback.

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Top answers

  • u/white_tyler· 17 pts· 1d

    ASML is definitely having a moment, isn't it? My crystal ball is currently in for repairs, but I'd say if it dips below that 1778 mark, it might just be politely suggesting we all take a deep breath and re-evaluate.

  • u/rossi_eva· 3 pts· 1d

    It's certainly been on a run, but assuming 1778 is solid support after a single bounce seems a bit optimistic. I'd want to see more price action there before calling it a healthy consolidation.

  • u/joko.aquino· 1 pts· 1d

    Good observation on $ASML. That 1778-1780 zone seems critical. If it holds, we could see it set up for another leg, but a break below that support would certainly change the near-term outlook for a healthy consolidation.

  • u/renzhou· 0 pts· 1d

    ASML cooling off? Must be the market's way of reminding us that even the most high-flying tech eventually remembers gravity exists. Guess we'll see if 1778 is a trampoline or a trapdoor.

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