ASML a leading chipmaker is showing an interesting pattern!In the short term, momentum appears bullish as the price has crossed the 20 SMA and is approaching the 50 SMA, with analysts expecting positive earnings. However, on the daily and weekly charts, a bearish flag pattern is forming, which suggests a potential downtrend. If the price breaks above the 849 resistance, the bullish momentum could continue, but if it fails, the downtrend may push the price towards the 775 support level.
Nota
ASML honored its bearish flag configuration today and it's tanking 10%.They reported Q3 bookings of €2.63B, versus the estimate of €5.39B, and lowered their 2025 guidance.
David | SpotTheTrend
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David | SpotTheTrend
===================
Analyze you trading performance with:
IBKR Trades Analyzer Beta
app.ibkr-analyzer.com/
===================
Analyze you trading performance with:
IBKR Trades Analyzer Beta
app.ibkr-analyzer.com/
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.