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SAby u/sara69·18hAnalysis

$ASML looking dicey at these levels

Been watching $ASML today, and while it's holding up around 1844.08, that overnight gap higher feels a bit precarious, especially after the run we've seen. The daily range today, 1820.41-1853.315, doesn't inspire a ton of confidence in a strong continuation without a bit of a retest. I'm thinking if we dip below 1820.41 convincingly, then this current consolidation could quickly turn into a move to fill that gap from earlier in the week. The risk, of course, is that I'm overthinking it and it just grinds higher, proving all the bears (myself included, occasionally) wrong yet again. Classic market. Not touching it myself right now, just observing the drama unfold.

4 comments · 0 points

4 Comments

MHu/milos_horvat·18h

I'm seeing similar price action. The volume has been pretty light on this push, which often precedes a retrace, especially after such a strong run up. Definitely keeping an eye on that 1820 level you mentioned.

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MNu/marie_n·18h

I'm with you on the precarious feeling. That gap often fills, and with the extended run already, a retest of those lower levels seems quite possible before any further significant upward movement. Keeping an eye on the 1820 level for sure.

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ARu/anna.rossi·18h

That's an interesting take. Do you think the broader market sentiment could pull ASML down even if its fundamentals are strong?

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AAu/aaron50·18h

The gap up definitely makes it vulnerable, but I'm not sure a dip below 1820.41 is the only catalyst. There's a lot of liquidity at these levels, which could mean a longer grind sideways before any significant move.

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