ASML — Daily Playbook
ASML is in a confirmed uptrend, trading 18.9% above its 50-SMA (1,569.82) and an extended 48.05% above its 200-SMA (1,261.60), with both averages sloping higher in classic stacked-bullish alignment. Momentum corroborates the move: RSI(14) at 62.66 is firm but not yet overbought, and MACD at 89.21 remains above its signal line at 78.34, though the narrow 10.9-point gap hints momentum is decelerating after a strong leg. The setup is a trend-continuation pullback rather than a fresh breakout chase — first support sits near the recent shelf around 1,800, with deeper structural support at the 50-SMA near 1,570; immediate resistance is the prior local high zone just above current price, where stretched conditions invite profit-taking. Trigger for continuation would be a reclaim and hold above the recent high on rising MACD, while a defensive trigger would be a MACD bearish cross combined with a loss of 1,800 on a closing basis. The bullish thesis is invalidated on a sustained break below the 50-SMA at 1,569.82, which would shift the structure from trend-pullback to distribution given how far price is extended from the 200-day.