ASML Holdings (ASML) reports earnings tomorrow morning before the bell, and I’m approaching it with a clear technicals-first plan. The stock has had quite the run—up more than 70% from its Liberation Day lows—and it’s printing at all-time highs. Given that ASML typically moves around 8% on earnings, I want my levels mapped out in advance so I’m not decision-making on the fly.
A quick background for context: ASML is a semiconductor company that designs and manufactures photolithography systems used by chipmakers across the world. Its tools sit at the heart of modern chip production, making the company a key player in the broader semiconductor ecosystem.
For downside scenarios, I have two support zones I’ll respect if the report disappoints and we see a gap down. My first level is the recent pivot low around $916, where I’d expect initial buyers to show up. If that fails, my secondary level sits at the gap fill near $872, which, in my playbook, is a natural spot for a reflex bounce if sellers overextend the move.
On the upside, I’m also prepared for post-print strength. The first level of resistance I’m watching is the recent pivot high at approximately $1,058. If momentum carries through that area, my secondary level of resistance is at the prior all-time high around $1,109. Those are the zones where I’ll look for confirmation before chasing strength or trimming into a spike.
As always, I’ll let price action confirm or invalidate my plan and I’ll manage risk with discipline. Earnings can be noisy, and even great setups can whipsaw. For me, that means predefining my entries, stops, and targets around these levels—and sticking to them.
