ASML is on life support Warning: This baby is super volatile and not for beginners. If youโre trading with a small account, start with 1 share and put your stop in as soon as you enter. No exceptions.
Weโve got 3 lower highs, and there are institutional sellers parked near the 200-day EMA, slowly walking this thing down.
If they press, Iโm watching to see if ASML can test the $650 area.
If it breaks, we might be looking at another 50โ60 points lower.
๐ Tight stop: $750
๐ Wider stop: $770
This one isnโt for the faint of heartโrespect the volatility and use stops!