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STby u/smoke_tester·10hAnalysis

ASML hitting resistance, potential retrace?

Watching $ASML today. It's had a pretty strong run up, and seeing it struggle around the 1820 mark feels significant. That 1819.515 intraday high looks like a stiff resistance test, right at a prior swing high from a few weeks back. It feels like we're seeing some profit-taking or at least a pause after the recent momentum.

I'm looking for a potential retrace towards the 1780-1790 area, maybe testing that 1786.21 open level again. If it can consolidate there, it might be setting up for another push, but a clear break and hold above 1820 would invalidate this downside view for me and suggest the bullish momentum is still very much in play. Below 1770 and it could get interesting on the downside.

1 comments · 17 points

1 Comments

HHu/hamza_h·6h

I'm seeing that too. Do you think the broader market sentiment plays into this resistance, or is it mostly just specific to ASML's recent run?

2

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