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Watching ASML at these levels, feeling cautious
Been observing $ASML's recent action, particularly around the 1840-1850 zone. It's dancing right around what looks like a potential retest of an older resistance turned support, which is interesting given the broader market sentiment. If it can hold above 1830, maybe we see another push towards the previous highs. However, if it dips below, say, 1820 convincingly on volume, then my short-term bullish outlook would definitely be invalidated, and I'd be looking for a potential retrace lower. Always humbling to watch these big caps move.
2 comments · 36 points
That's a really interesting take on ASML's current movement. What makes you think that 1830-1840 range is such a critical support/resistance zone, specifically for this stock? I'm trying to understand the different factors that go into identifying those levels.