ASML Holding N.V. (ASML) Price Forecast: Key Support Test Within Rising Channels

Long-Term Channel Resistance Raises Downside RiskThere are also two trend channels defined on the chart. The larger and potentially more significant channel spans several years beginning from the October 2022 low of $363.15. Two recent highs encountered resistance near the upper boundary of that channel before the stock entered a bearish correction phase. This behavior points to the potential for further downside, as reversals from one boundary of a channel often lead to tests of the opposite side. At a min ...