ASML produced medium-to-excellent figures for a strong monopolistic company. With a movement from 108 towards 118 it was a great week for ASML. Many major banks have increased their advice for ASML towards historical top levels around 130 - 140 range.
However TradingEcology does believe in the strong and fundamental solid structure of this stock a little correction is in development. It is unbelieveable to get this stock straight to 130+ levels.
It is no coincidence that we have had this price expansion in ASML since time&price are aligned.
What do we have?
- on daily candle a valid short is recorded. So every rise in price will make short more likely to come in!
- on weekly candle a valid short is on, with high levels in stochastic.
- price harmonics is on 117.80
- Gann time is triggered on 21th of January 2017 building till 27th of January
- Gann price relation is at 117.81
Without coincidence, but fast in human perception of time, the level 117.80 was an to be expected high.
Next week, ASML enter the midpoint in the 20bars weekly cycle. This midpoint is 70 days long and can be a likely entry for shorts towards 108 level.
TradingEcology is looking for a short opp. into ASML coming week of trading, to scalp short via booster short: www.bnpparibasmarket...r-Short/NL0012106066
This booster has a leverage around 30, and will make a swift profit if risk is understood well.
However TradingEcology does believe in the strong and fundamental solid structure of this stock a little correction is in development. It is unbelieveable to get this stock straight to 130+ levels.
It is no coincidence that we have had this price expansion in ASML since time&price are aligned.
What do we have?
- on daily candle a valid short is recorded. So every rise in price will make short more likely to come in!
- on weekly candle a valid short is on, with high levels in stochastic.
- price harmonics is on 117.80
- Gann time is triggered on 21th of January 2017 building till 27th of January
- Gann price relation is at 117.81
Without coincidence, but fast in human perception of time, the level 117.80 was an to be expected high.
Next week, ASML enter the midpoint in the 20bars weekly cycle. This midpoint is 70 days long and can be a likely entry for shorts towards 108 level.
TradingEcology is looking for a short opp. into ASML coming week of trading, to scalp short via booster short: www.bnpparibasmarket...r-Short/NL0012106066
This booster has a leverage around 30, and will make a swift profit if risk is understood well.