ASML: Watching the 1750-1760 range after recent dip
Been keeping an eye on $ASML today. After that dip from the intraday high, we're settling right around the 1750-1760 area. From a pure technical standpoint, that's a pretty critical zone, acting as a prior consolidation support from a few sessions back. If it holds, it could suggest a pause and potential base building before the next move. However, if we get a decisive break below say, 1748.97 (today's low), then I'd re-evaluate the short-term outlook, as that would invalidate the current mini-support structure I'm seeing and could open the door for a retest of lower levels. It's all about how it closes the week here.
Definitely an interesting zone there. Are you seeing any specific volume patterns in that range that might give more conviction one way or another?