ASML Holding | ASML | Long at $680.00NASDAQ:ASML Holding, a developer and servicer of advanced semiconductor equipment systems for chipmakers, dipped backed into my overall, long-term selected simple moving average (SMA). From here, stocks typically bounce or drop, but given the AI boom is far from "over", I anticipate another bounce to eventually close the gap near $1,060. It may show some minor weakness to close the gap in the low $600s and get the bears excited. But, unless the economy further shows major weakness in the semiconductor space, NASDAQ:ASML is in my personal "buy zone" at $680.
Target #1 = $730.00
Target #2 = $915.00
Target #3 = $1,060.00
Asmllong
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!
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 - STOCKS - 26. OCT. 2021Welcome to our Weekly V2-Trade Setup ( ASML ) !
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4 HOUR
Bearish turnover today..
DAILY
Looking for more bullish pa..
WEEKLY
Overall great market structure.
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STOCK SETUP
BUY ASML
ENTRY LEVEL @ 791.89
SL @ 757.44
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN