After a clear double bottom AND ASML being the MOST OVERSOLD EVER in the history of this stock, we have a nice +/- 10% upside opportunity on the swing up, with very attractive risk reward ratio (depending on where you anchor your stops but I leave that to you).
Daily chart has showed us a lot of bullish divergence over the past weeks and it's clear traders have been loading up on cheap ASML shares while this unique opportunity presented itself and this has slowly exhausted the sellers over the past month, making it ripe for a jump.
ASML is ready for a major run up. What I like about this setup is that even if I am wrong about the mid-long term of this move. I capitalize on the short term momentum of the move with minimal exposure to risk.
This stock is volatile and I take that into consideration when trading it.
I am no expert and none of this is advice, just sharing how I see things, trade at your own risk.
Wish you good luck and good fortune!
Daily chart has showed us a lot of bullish divergence over the past weeks and it's clear traders have been loading up on cheap ASML shares while this unique opportunity presented itself and this has slowly exhausted the sellers over the past month, making it ripe for a jump.
ASML is ready for a major run up. What I like about this setup is that even if I am wrong about the mid-long term of this move. I capitalize on the short term momentum of the move with minimal exposure to risk.
This stock is volatile and I take that into consideration when trading it.
I am no expert and none of this is advice, just sharing how I see things, trade at your own risk.
Wish you good luck and good fortune!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.