ASML - Resuming its bearish trend

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ASML ASML saw a strong bearish continuation after the stock has broken below its rising wedge formation. Ichimoku has shown a clear three bearish death cross right after yesterday's gap down below the kumo.

Bearish divergence is in on the 23-period ROC.

Long-term MACD has performed a bearish crossover at the top and histogram is negative.

Stochastic Oscillator has confirmed the overbought signal.

23-period ROC turns negative and forms a bearish divergence. Directional movement index saw increased bearish trend strength signal.

Target is at the next support of 575

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