75: Analyzing ASML Sales Decline Potential Bearish MomentumIn light of the recent downturn in ASML sales, it's prudent to assess potential implications for the stock's trajectory. ASML faces lower than expected orders in Q1 amid industry downturn. CEO Peter Wennink remains optimistic about sector recovery in 2024. Orders dip to €3.6 billion, revenue at €5.3 billion. Our initial target lies at 826.1, where we anticipate a consolidation phase. However, if selling pressure persists, we could foresee a drop to 688.6. Monitoring validation of short positions is crucial. Conversely, stabilization around 826.1 could signify a potential reversal and pave the way for renewed upward momentum. Keeping a close eye on market dynamics and key support levels will be paramount in navigating ASML's current trajectory.
