ASML Stock Hits Key Support Zone: Is This the Next Big Move?

Let’s take a closer look at ASML, one of the most important companies in the semiconductor world. ASML is a Dutch company that makes the advanced machines used to produce computer chips — the kind you’ll find in everything from smartphones to self-driving cars. In short, without ASML, much of modern technology wouldn’t exist.

Now, turning to the stock itself, I’ve been tracking ASML for a long time, and I want to walk you through something interesting happening on its long-term price chart. If you’re new to investing or stock analysis, don’t worry — this is a beginner-friendly look at what could be a valuable buying opportunity.

The Big Picture: ASML’s Long-Term Uptrend Since 2009

In the first chart I’m sharing (going all the way back to 2008), you can see ASML’s steady climb over the years. The chart has three shaded areas running in parallel, showing a long-term price channel:

• The green shaded area at the bottom represents support — where the price often finds a “floor” and tends to bounce back up.
  
• The gray shaded area sits in the middle, acting like a balance zone.
  
• The red shaded area on top works as a resistance zone, where prices usually struggle to go higher.
  

What’s striking is how the stock has followed this uptrend channel for about 15 years now, touching the green support zone five times already. I marked these points with red circles on the chart. And right now, it’s testing this important support area for the sixth time.

This green zone has held as a support level for over a decade, which makes it very interesting to watch. If the stock holds this level again, history suggests it could bounce from here — making it potentially a very good buying opportunity.

Zooming In: What Happened Since 2021

Now, let’s move to the second chart that zooms in on what’s happened since 2021. You’ll see how ASML’s price tested this green support zone during the big drop in 2022. After hitting the bottom, the stock rallied back up, but then faced resistance in the gray shaded area — right in the middle of the long-term trend channel.

Since then, it has declined again and is now sitting exactly on that same green, upward-sloping support area. On the chart, there’s a green rectangle labeled “Support Zone” where the stock recently touched down and bounced strongly.

We actually laid out this green support box in an article back in October last year, and now prices have touched this area and bounced strongly — just as expected.

This type of move is very interesting because it lines up perfectly with past price behavior. For long-term investors or those looking to start a position in ASML, this zone has historically been a great entry point.

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