On April 17, 2024, ASML broke down from its trendline, as shown on the chart, after its earnings release.
Similar to ARM, the breakdown occurred at the same time when it crossed below its 50-day moving average, which signified a sell signal for both stocks.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.