The year almost comes to an end and this allows us to look back at 2023 as well as looking forward to the new year. Overall ASML stock saw high volatility during the year, but in terms of total returns there was only a minor movement in stock price. With this being said, I would like to take a look at the final weeks of the year and the coming first half of 2024.
ASML's stock is finding itself in a triangle pattern, with support at the 200-week MA as well as the €540 mark. ASML's RSI is around 63 at the time of writing meaning the bulls are still in control. However, if ASML fails to break out of the pattern, some downside is expected towards the trend line and after the support at €540.
So, what do you think? In H1-2024, will ASML's stock hit a new ATH, or will we visit the trend line or even the support at €540, where it might be time to load up on ASML stock. Let me know in the comments below!
ASML's stock is finding itself in a triangle pattern, with support at the 200-week MA as well as the €540 mark. ASML's RSI is around 63 at the time of writing meaning the bulls are still in control. However, if ASML fails to break out of the pattern, some downside is expected towards the trend line and after the support at €540.
So, what do you think? In H1-2024, will ASML's stock hit a new ATH, or will we visit the trend line or even the support at €540, where it might be time to load up on ASML stock. Let me know in the comments below!