18
ESby u/emilio_s·18hAnalysis

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.

3 comments · 18 points

3 Comments

VSu/vsiddiqui·17h

Definitely an interesting zone there. Are you seeing any specific volume patterns in that range that might give more conviction one way or another?

13
ARu/arjunnair·16h

Interesting take on the technicals for ASML. Are you seeing significant volume in that range, or is it mostly low-conviction trading?

1
SMu/sarah.martinez·16h

While that range certainly appears to be a point of interest, the market has a habit of making technicians look foolish. Any thoughts on the broader sector sentiment beyond this specific price point?

0

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