Learn to Evaluate (ASML) using the Charts
April 29, 2024, 11:40 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ASML
- Buy ASML slightly over 890.17 target 1009.86 stop loss @ 887.6 Details
The technical summary data tells us to buy ASML near 890.17 with an upside target of 1009.86. This data also tells us to set a stop loss @ 887.6 to protect against excessive loss in case the stock begins to move against the trade. 890.17 is the first level of support below 907.405 , and by rule, any test of support is a buy signal. In this case, support 890.17 is being tested, a buy signal would exist.
- Short ASML slightly under 1009.86, target 890.17, stop loss @ 1012.78 Details
The technical summary data is suggesting a short of ASML as it gets near 1009.86 with a downside target of 890.17. We should have a stop loss in place at 1012.78though. 1009.86 is the first level of resistance above 907.405, and by rule, any test of resistance is a short signal. In this case, if resistance 1009.86 is being tested, a short signal would exist.
Swing Trading Plans for ASML
- Buy ASML slightly over 1009.86, target n/a, Stop Loss @ 1006.94 Details
If 1009.86 begins to break higher, the technical summary data tells us to buy ASML just slightly over 1009.86, with an upside target of n/a. The data also tells us to set a stop loss @ 1006.94 in case the stock turns against the trade. 1009.86 is the first level of resistance above 907.405, and by rule, any break above resistance is a buy signal. In this case, 1009.86, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ASML slightly near 1009.86, target 891.09, Stop Loss @ 1012.78. Details
The technical summary data is suggesting a short of ASML if it tests 1009.86 with a downside target of 891.09. We should have a stop loss in place at 1012.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1009.86, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for ASML
- Buy ASML slightly over 915.79, target 1009.86, Stop Loss @ 913.65 Details
If 915.79 begins to break higher, the technical summary data tells us to buy ASML just slightly over 915.79, with an upside target of 1009.86. The data also tells us to set a stop loss @ 913.65 in case the stock turns against the trade. 915.79 is the first level of resistance above 907.405, and by rule, any break above resistance is a buy signal. In this case, 915.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short ASML slightly near 915.79, target 893.81, Stop Loss @ 917.93. Details
The technical summary data is suggesting a short of ASML if it tests 915.79 with a downside target of 893.81. We should have a stop loss in place at 917.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 915.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Asml Holding N.v. (ASML) available here: ASML.
ASML Ratings for April 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
779 |
| P2 |
893.81 |
837.57 |
890.17 |
| P3 |
915.79 |
891.09 |
1009.86 |
AI Generated Signals for ASML
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Asml Holding N.v. (NASDAQ: ASML) report below can help you understand how to do this. The trading plans for ASML, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ASML:
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