Hi everyone. Today I’ll be looking at another semiconductor stock for the first time: ASML Holding N.V. (NASDAQ: ASML) ASML has been trading in an ascending channel (in green) since 2020 and a marked up ascending channel (in blue) since 2023. The most notable sign of bearishness in ASML’s chart is that: It has hit the top of the green channel for the first time since the 2021 high; It has broken down from the secondary ascending channel for the first time with a bearish engulfing reversal candle (*requires weekly close for confirmation); Bearish divergences have shown up on the RSI and Stochastic RSI with a bearish crossover occurring on the latter, suggesting the start of a move lower In the short term, I am expecting continuation towards the 878-888.67 island gap. If there is any attempt
Pullback Coming! Will You Shop on Sale?
Semi plunge led the market decline. --------------------------- Is this a healthy pullback or just the beginning of correction? Have you taken profit yet? When will you buy tech stocks again?
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