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MLby u/murphy_liam·5hAnalysis

$ASML looking tired at this level, but still robust

Been watching $ASML for a while now, and while the momentum has been absolutely relentless, it feels like we're finally reaching a critical juncture. That 1750.31 area has been a stubborn beast today, acting as resistance after a pretty sharp run up from the low 1740s. What's interesting is the way it keeps rejecting, even if only briefly. It's not a definitive top, not by any stretch, but the pace has undeniably slowed. I'm seeing lower highs on shorter timeframes, which usually means the bulls are taking a breather.

Now, the risk here, as always, is that it just shrugs it off and pushes through 1775.82. If it clears that prior day's high with conviction, especially on volume, then this whole 'tired' thesis goes right out the window and we're likely looking at another leg up. My two cents? I wouldn't be surprised to see a pullback towards 1700-1720 if it can't hold above 1740s over the next couple of sessions. But until then, it's a bit of a waiting game to see if the market decides to actually confirm the fatigue.

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LSu/liam_smith·2h

I'm still learning to read the charts, but I've noticed that kind of resistance before. What makes you think this specific level is more critical than others it has pushed through?

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