Saad Ullah
⬤ ASML shares are riding a rally that kicked off back in April 2025, and the momentum keeps rolling. Price has already blown past the 1,457.7 target @ElliottForecast called out on January 19, 2026. The chart shows ASML climbing in a solid upward structure—this move isn't done yet.
⬤ The Elliott Wave setup points to an ongoing impulse phase, with price pushing toward higher targets. The December 17, 2025 low marks the key support level holding this outlook together. As long as dips stay above that floor, the bullish count stays valid and the path forward looks clear.
⬤ Now that 1,457.7 is in the rearview, traders are watching for a move toward 1,571 or beyond. The chart suggests one more leg up is likely before any meaningful pullback kicks in. No breakdown signals here—price action is tracking right along the Elliott Wave projection.
⬤ Bottom line: ASML is showing structural strength after months of gains, pointing to continuation rather than reversal. Holding above that December low keeps the bulls in control and reinforces confidence across the semiconductor sector.
Saad Ullah
