ASML approaching significant support
ASML Holding (ASML) approaching a significant zone of support, able to absorb monthly selling pressures.
Currently, there are two dynamics at play for (ASML).
If (ASML) drops into the zone of support, the stock can rotate higher and elicit gains of 20% over the following 3 - 5 months.
Also, there is nearby resistance that if settled above, would also elicit gains of approximately 20% over the following 2 - 3 months.
Inversely, if (ASML) settles on a weekly basis below shown support, this would put (ASML) into a sell signal where losses of 15 - 20% would be expected over the following 3 - 5 months.
Currently, there are two dynamics at play for (ASML).
If (ASML) drops into the zone of support, the stock can rotate higher and elicit gains of 20% over the following 3 - 5 months.
Also, there is nearby resistance that if settled above, would also elicit gains of approximately 20% over the following 2 - 3 months.
Inversely, if (ASML) settles on a weekly basis below shown support, this would put (ASML) into a sell signal where losses of 15 - 20% would be expected over the following 3 - 5 months.
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