WE previously has a sell call on ASML 
ASML but uptrend reversal is in and invalidated our previous sell call. Price action shows strong reversal after breaking out of the overhead resistance and confirming the inverted head and shoulder formation. Long-term MACD shows strong bullish recovery after histogram turns positive. Stochastic Oscillator has confirmed the oversold crossover and is rising. 23-period ROC is positive.
Given the parabolic move, we could buy at spot at 867 or upon correction at 750.
ASML but uptrend reversal is in and invalidated our previous sell call. Price action shows strong reversal after breaking out of the overhead resistance and confirming the inverted head and shoulder formation. Long-term MACD shows strong bullish recovery after histogram turns positive. Stochastic Oscillator has confirmed the oversold crossover and is rising. 23-period ROC is positive. Given the parabolic move, we could buy at spot at 867 or upon correction at 750.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.