ASML Holding NV, the world's leading semiconductor equipment manufacturer, has recently seen its shares rise significantly following optimistic comments from CFO Roger Dassen regarding upcoming orders from its key customer, Taiwan Semiconductor Manufacturing Company (TSMC). The company’s lithography tools, particularly its cutting-edge extreme ultraviolet (EUV)...
ASML Holding N.V. (ASML) has been trading within a long-term Channel Up (blue) and after it broke above the 1D MA50 (blue trend-line) more recently on November 01 2023, it went on a more aggressive (dotted) Channel Up.
The 1D MA50 is the key to its price action as not only did it hold on the previous Higher Low (January 17 2024) but also two days ago, which is...