The Long Investor
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$ASML TOP 10
🕑 Added 2025-03-11 12:19:00 +0000 UTC$ASML is still holding onto its rising wedge support line right now but this is mainly due to the fact that it has already had a strong pull back and already below its 200 WMA now, so the market may feel that this is already undervalued.
That being said, $NVDA is the sector leader and has lost its own support level, so let's look at the possibility for $ASML if it follows $NVDA.
I have added the amber fib support levels to show where it's own ABC correction can complete, with the red Wave C finishing at the $471 level on the 0.618 Fib.
This is of course the 'worst' case scenario right now but being able to buy $ASML deep below its 200 WMA at $471 is a fantastic opportunity.
Comments
Brian
That would be brutal
