(CercleFinance.com) – ASML fell -10% in 4 sessions (including -5% on July 20 following the publication of its quarterly).
The stock is also the victim of the ‘warning’ from its Taiwanese competitor TSMC, which anticipates a -10% fall in its turnover in the 2nd half: ASML falls back below 620E and breaks the 635E support of July 11th.
The title is heading towards a filling of the ‘gap’ of 604.5 of May 17 but the correction to go further.
Indeed, ASML materializes a triple-top under 685E (the last test took place on July 14, the previous ones on June 13 and May 30): the pendulum rule induces a risk of relapse on 585E (return on the levels of May 5).
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