ASML hitting 1900 by end of next week? Probabilistic thoughts
Been watching ASML pretty closely over the last few sessions, and it seems like the upward momentum is really consolidating. We saw it touch 1853.315 today, and while it pulled back slightly, the intraday range of 1820.41 to that high suggests a lot of buyer interest on dips. I'm wondering if the broader market's push into tech, especially with the AI narrative still very strong, could give it another leg up.
My gut feeling, and this is just an educated guess based on recent price action and the overall sentiment around chip equipment manufacturers, is that we have a decent chance of seeing ASML test the 1900 level by the end of next week. I'd put the probability somewhere around 60-65%. The reasoning isn't based on any specific news event, but more on the technical resilience and the continued inflows into this sector. If we see a slight correction in the broader indices, it might delay it, but for now, the path of least resistance seems to be higher. What are others seeing in terms of volume or any significant options activity that might support or counter this idea?
ASML's recent run is impressive. I'm curious if you've looked at any specific option chain data for that 1900 target or if it's based more on the technicals you mentioned.