Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
Summary: ASML Holding still range bound after earnings release with strong resistance at 688. Indicators suggesting bullish break out
ASML Holding Earnings hasn’t moved the stock price much. ASML seem range bound between 631 and 688. Break out needed for direction.
Stock price is above the Cloud and above 55 and 100 daily Moving Averages which are both rising plus RSI is showing positive sentiment indicating break out to be the upside.
If ASML closes above 688 there is no strong resistance until around all-time highs around 764.
If ASML closes back below 631 medium-term uptrend has been reversed