1. Support and Bollinger Bands
• The stock recently bounced from the lower Bollinger Band (681.43), which often acts as a support level.
• A previous low at 666.60 provided a strong support zone.
• The price is currently moving upwards, aiming for the mid-band (716.93) or upper band (752.42).
2. MACD Signal Turning Bullish
• The MACD histogram is showing green bars, indicating positive momentum.
• Although the DIF (-1.08) is below the DEA (-3.58), the histogram suggests that bearish momentum is weakening.
• If the MACD crosses upward, it could confirm a buy signal.
3. Higher Lows Indicating Trend Reversal
• Recent price action suggests higher lows compared to the last dip at 666.60.
• This could mean the downtrend is losing strength and an uptrend might form.
4. Buy Signals (B) and Candlestick Patterns
• Several “B” buy signals were triggered at low points.
• Recent green candles suggest strong buying pressure.
• If the next resistance (around 750) is broken, ASML could trend higher.
5. Risk-Reward Setup
• Buying near support (around 720) gives a better risk-reward ratio if the stock aims for the upper Bollinger Band.
• Stop loss can be placed slightly below the recent low (~666) to minimize downside risk.
Conclusion: Good Entry Point with Upside Potential
Your buy decision is technically justified as ASML is bouncing from support, showing bullish momentum with MACD improving, and forming higher lows. If the stock breaks above 750, the next resistance could be around 780-800$ASML Holding NV(ASML)$ @CaptainTiger @MillionaireTiger @TigerStars @TigerTradingNotes @TigerEvents @Daily_Discussion
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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