ASML a good deal?
Updated
Negative earnings were leaked, insiders sold before the news was released. It’s clear not everyone plays the game by the rules. So trade carefully in this volatile market.
I posted an idea on the SPX looking like it’s topping out. But certain stocks present buy opportunities as they may go one wave higher. ASML is one of them.
We just entered a buy zone area for me, I will be laddering in.
We failed to break out of the RSI downtrend but I expect it to break out on the next attempt. I believe we are in a fourth wave correction of a larger 5 wave move up. If the diagonal trend line doesn’t hold as support, or the Fibonacci golden pocket retracement level, consider getting out to protect capital as risk management is important in this Wild West market.
Not financial advise
I posted an idea on the SPX looking like it’s topping out. But certain stocks present buy opportunities as they may go one wave higher. ASML is one of them.
We just entered a buy zone area for me, I will be laddering in.
We failed to break out of the RSI downtrend but I expect it to break out on the next attempt. I believe we are in a fourth wave correction of a larger 5 wave move up. If the diagonal trend line doesn’t hold as support, or the Fibonacci golden pocket retracement level, consider getting out to protect capital as risk management is important in this Wild West market.
Not financial advise
Trade active
Looks like we may have caught the bottom on this. Position entered mostly above the 0.618 Fib retracement. This stock has been beaten up and I now expect it to go on a run. Nvidia earnings soon should lift this stock higher too.
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