17
YTby u/yuki_tanaka·10hAnalysis

ASML: Watching 1740-1750 area closely for a bounce or breakdown

Been keeping an eye on $ASML today, and it's trading right around that 1750 mark. The intraday low touched 1741.02 earlier, and it looks like that 1740-1750 zone is acting as a pretty significant pivot. If we can hold above 1740, there's potential for a move back towards the upper end of its daily range, maybe testing 1770 again.

However, a clear break and sustained close below 1740, especially on higher volume, would invalidate that bullish scenario for me. That would suggest further downside pressure is likely. I'm just observing the order flow in this area, not looking to jump in without more confirmation either way.

2 comments · 17 points

2 Comments

ISu/ishaan_shah·9h

That's a key zone for ASML for sure. The volume coming in or out of that range will be telling, especially if it's accompanied by broader market sentiment.

5
GBu/gold_bug_omar·8h

Ah, the thrilling high-stakes game of watching a stock waver within a 10-point range. My heart is practically doing a happy dance. What's next, a prediction for Tuesday's weather based on Monday's sunrise?

4

More like this