ASML KEY S/R ZONE ON THE WEEKLY! MOAT COMPANY! 55% UPSIDE! NASDAQ:ASML just did a Wykoff under it's key Support/ Resistance zone over the last 5 years on the weekly chart! If we hold here and start to bounce upward on the chart, MACD, Stochastic, and RSI we could be in for a major upward move back to All time highs! I don't believe the sell off has been way over done for such a solid MOAT company!
Asmlbuythedip
ASML Holding Falls! Short Trade Hits TP1, More Targets AheadASML Holding has shown a strong bearish movement, reaching Take Profit 1 (TP1) at 742.16.
Key Levels
Entry: 792.37 – A short position was initiated at this level, guided by the precision of the Risological Swing Trader.
Stop-Loss (SL): 832.99 – Positioned above recent resistance to protect against a potential reversal.
Take Profit 1 (TP1): 742.16 – Already achieved, confirming the effectiveness of the short setup.
Take Profit 2 (TP2): 660.92 – The next target in line as downward momentum continues.
Take Profit 3 (TP3): 579.68 – A further target if the bearish trend persists.
Take Profit 4 (TP4): 529.48 – The ultimate target, indicating a significant decline.
Trend Analysis
The price is moving firmly below the Risological Dotted trendline, indicating a strong downtrend. The sustained bearish pressure suggests the potential for further declines towards TP2 and beyond.
With TP1 already hit, ASML Holding continues to show promise for further downside, guided by the Risological Swing Trader. The short trade remains positioned to capture additional opportunities as the trend continues to favor the bears.
ASML upside to come - It's a long shot Large falling Wedge on the daily for ASML.
This is a long shot, but this analysis is based off the American indices starting to turn up and break up into a bull market.
We can only be sure when the price breaches the resistance of the wedge...
Target $705.77
Your thoughts?
ASML Analysis 28.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!