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ASML hitting 1900 by month-end: a preliminary look
Given $ASML's recent momentum, especially today's move hitting 1861.21 at one point, it's worth considering the probability of it pushing past 1900 before the end of the month. The stock has shown strong resilience around the 1800 level, and the overall tech sentiment seems to be supportive of further upside. I'd put the odds of hitting 1900 by market close on June 28th (assuming a typical month-end) at around 60%. This isn't based on any deep technical analysis, more on the current psychological drive and a lack of significant immediate headwinds. If we see any profit-taking from these levels tomorrow, those odds obviously drop, but as of right now, the path of least resistance seems higher for ASML.
1 comments · 15 points
Hitting 1900 this quickly seems optimistic, especially with only a few trading days left. Momentum can reverse just as fast, and that run-up might already be priced in.