Dutch company ASML Holding N.V. (NASDAQ: ASML), which manufactures equipment for the serial production of semiconductors, recently announced that it expects new orders from its major customer, Taiwan Semiconductor Manufacturing Company Limited (TSMC).

A report from Jefferies Investment Bank cites comments from ASML CFO Roger Dassen. During a call with investors, he suggested that ASML equipment orders from TSMC could be received in the coming quarters.

By 2025, ASML expects annual sales to grow to 30-40 billion USD, and demand is expected to remain stable until 2026 due to the construction of new semiconductor factories in various countries.

To explore potential trading opportunities, let's analyse the stock chart of ASML Holding N.V. (NASDAQ: ASML) from a technical analysis perspective:

On the Daily (D1) timeframe, resistance has formed at 1042.50 USD, with support at 943.65 USD. Stocks have been trading in an upward trend since early May 2024. If this trend reverses, a potential downside target could be 850.00 USD.

If the current uptrend maintains its momentum, the short-term target, upon a break above the resistance level, could be set at 1110.00 USD. For a medium-term investment, the stock price could rise to 1170.00 USD.
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