ASML is stuck in a 1570-1870 range, in no man's land, and has not taken out its all-time high. A break above 1870 could let it test all-time highs and keep higher highs going, but this action could also be the start of a bear flag that eventually breaks down.
Jump to any passage
We'll see Bank of America and tech stock ASML which is a chip player.
This stock is kind of in no man's land. What do I mean by that? Well, essentially what we have here is we have a range where we're trading right between these two lines. And so again, if we break here, yeah, we could test all-time highs, but we're really seeing it hovering between this 1570 and 1870 range on ASML.
I think this is going to be key because so far we haven't been able to take out the all-time high on ASML. Is this the beginning of a bare flag? Could we be seeing this type of action which eventually yields a breakdown or can it get through 1870 right here and finally take out those highs to keep the higher highs going on the overall chart.
What this channel has said about $ASML
Verified Investing has only this one call on this stock.