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Thoughts on $ASML consolidating after recent surge?
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.
2 comments · 6 points
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.