A buying opportunity is seen in the security. The security was trading in a parallel channel and a parallel channel upside breakout is given by the security on an intraday basis. We are expecting more buying pressure to come in the security.

The RSI has given a trendline breakout which is supporting the positive move.

The DMI+ is trading above DMI- indicates positive direction and ADX trading above both the DMI indicates strength in the move. The security is trading above the EMA which indicates an upside trend.

ASML-US

Feb 02 2022