ASML is a weakening momentum name that gave a false breakout: unfilled gap, lost 8-day and other moving averages, lower high, and couldn't rally while the S&P made a new high this week. It fell seven days, went below 42 and reclaimed it; a broken bounce is possible, or it may be a spot to average down.
Jump to any passage
Even yesterday I talked about I'm like, "Guys, I understand how miserable you are if you turn your ESTs into a horrible investment because you violated every rule there is as an active swing trader."
I'm like, just to be like, "Today is the day you might get a red dog reversal. You could sell some puts and and and just navigate it." And even yesterday, you know, there was a small capitulation low in AS.
So, if you weren't caught in this mess of a of a weakening momentum name that gave you a a false breakout, which sucked, I remember that gap that never got filled. You know, lost the 8day, lost the moving averages, lower high.
S&P, I think, made a new high this week. It couldn't go anywhere. So, hopefully you weren't stuck in it. If not, you said, "Hey, look at this. It's been down one, two, three, four, five, six, seven days.
It went below 42. Reclaimed it." And hey, maybe you get a broken bounce or maybe, you know, that was your spot to to to do your cost average game, you know, if it's in a different account.