Technical Pulse: ASML Holding N.V. November 23, 2022 104

(Current Price: US$596.21) – TECHNICAL BUY

Buy price: US$596.21     Stop loss: US$568.00     Take profit: US$700.00

 

 

The price formed a bullish consolidation pennant following a breakout of the long-term downtrend channel. We are likely to see follow through of the bullish momentum to drive the stock price higher to retest the next key horizontal resistance level at US$700.

 

Expected timeline of the trade is 1-2 weeks from the date of report issuance.

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About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst
PSR

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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