ASML Holding N.V., (ASML) provides lithography solutions for the development, production, marketing, sales, upgrading & servicing semiconductor equipment systems. It also offers hardware, software & services to chipmakers to produce the patterns of integrated circuits. It comes under Technology sector & trades as ‘ASML’ ticker at Nasdaq.
ASML is bullish in weekly & favors rally to extend April-2025 sequence explained in previous article. It expects rally to extend into $1536.7 – $1604.8 area, while holding above 2.04.2026 low.
ASML – Elliott Wave latest daily view
In weekly, it ended (I) at $895.93 in September-2021 & (II) at $363.15 low in October-2022. Above there, it is showing nest as trend channel broken upward & favors rally against April-2025 low. Above October-2022 low, it ended I of (III) at $1110.09 high & II at $578.51 low. Within I, it placed ((1)) at $771.98 high, ((2)) at $564 low, ((3)) at $1056.34 high, ((4)) at $849.14 low & ((5)) at $1110.09 high. Within ((2)), it ended ((A)) at $767.41 low, ((B)) at $945.05 high & ((C)) at $578.51 low in zigzag correction.
ASML – Elliott Wave latest week
Above II low, it favors rally in ((1)) of III. It ended (1) at $826.56 high, (2) at 684.24 low, (3) at $1086.11 high, (4) at $946.11 low & favors upside in (5). Within extended (5), it ended 1 at $1141.72 high, 2 at $1010.01 low, 3 at $1493.47 high, 4 at $1316.06 low & favors 5. The extended (5) already extended above $1453.81 level & probably should extend into $1536.7 – $1604.8 to end ((1)). It is showing the momentum divergence in RSI in daily against (3) high. So, expecting current rally to end soon as ((1)) before correcting in ((2)). Chasing longs at the moment can be risky. Expecting any short-term pullback should hold above 2.17.2026 & 2.04.2026 to extend higher in (5). But buyers should enter again in ((2)) correction in 3, 7 or 11 swings at extreme area.
Source: https://www.fxstreet.com/news/asml-holding-asml-rally-targets-1537-1605-area-202602241127
