ASML Holding N.V. - New York Registry SharesNASDAQ
Description
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Earnings estimated to be on 4-15. Short interest less than 1%.
Price is traveling in a bearish rising wedge. Both trendlines are sloping up and narrowing at the apex. Rising wedges cause an imbalance between supply and demand but are not valid until the bottom trendline is broken. The bottom trendline serves as support until it is broken.
There is also a divergence between price and RSI. It is a bearish divergence. Price slopes up while RSI slopes down.
No recommendation/There is another rising wedge on hourly that would take price below $460 to break the bottom trendline. Neither wedge is valid at this time.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies. It also offers metrology and inspection systems, including YieldStar optical metrology solutions to measure the quality of patterns on the wafers; and HMI e-beam solutions to locate and analyze individual chip defects. In addition, the company provides computational lithography and software solutions to create applications that enhance the setup of the lithography system; and mature products and services that refurbish used lithography equipment and offers associated services. It operates in Japan, South Korea, Singapore, Taiwan, China, the Netherlands, Europe, the United States, and rest of Asia. The company was formerly known as ASM Lithography Holding N.V. and changed its name to ASML Holding N.V. in 2001. ASML Holding N.V. was founded in 1984 and is headquartered in Veldhoven, the Netherlands.
Also right on .618 fib retracement from ATH to 2022 lows. I think it is a wait and see.
ZRP
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I see an inverse H&S where price broke through the neckline on Jan 9th. Do you see that as well?
lauralea
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@ZRP, I will look closer I'm just careful when I see a rising wedge.
lauralea
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@ZRP, I do see the Inverse H&S/Thx for pointing it out (o: The right shoulder is higher than the left shoulder which is bullish. This may have run 100% measured by the depth of the inv H&S, but could go further. I do not trust the rising wedges beneath price as I do not like getting caught with my pants down. LOL
ZRP
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@lauralea, thanks for the feedback. I'm a newbie to reading charts so your insights much appreciated!