The price keeps above 50 D and 200 D MAs. It has formed a pullback to old resistance now acting as support. I am maintaining my long position.
ASML is on its way to reach 110 euros. It has recently confirmed a double bottom pattern. I have been long for a while now.
I watched this one earlier... didn't trigger but I liked it.
"Key Hidden Levels - Earnings Support", available in marketplace add-ons, provides useful support and resistance levels that you can use to set up trades. Now you don't have to speculate on earnings, rather you can wait for earnings to be announced and then fade the move back to where earnings were reported. Note all of the turning points that were previous...
ASML - $38 BILLION market cap - $7.22 Billion in Sales - 19% margins. This is a rich valuation at 5.5 times sales, especially when revenues are very stable and margins are declining. Looked at another way, if you keep $1.4 billion each year on an investment of $38 billion, then it is a very low return of less than 4%. The market value has grown dramatically...
Price is ready to breakout upside, just wait and see if volume changes. This bullish pattern has a potential target price of $67.50 if market and group help. Make your stop loss 52.50 previous pivot low or swing low. Good Luck!