ASML has performed well since October 2022, but currently shows signs of weakness.
1. Break of bullish trend: Since July 2024, the stock has broken its bullish trend. 2. Bearish trend: A new bearish trend has formed with decreasing lows, indicating a possible continuation of the decline. 3. Technical analysis: A clear break above the bearish trend established since 2019 would require the price to exceed €800. 4. Macroeconomic factors: Economic uncertainty and the potential slowdown in demand for semiconductors could affect ASML’s projections.
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