ASML Holding NV Sponsored ADR

ASML Has Fallen Out of an Upward Channel

368
ASML was trading in an upward channel since November 2022.

Price has broken down the lower trendline of the channel.

A W pattern was in formation in August-September 2023 but ASML wasn't able to break the neckline.

ASML is now at .382 retracement level. If it loses support now, next destination is .5 level - 570.

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