In this daily chart of ASML, below, we can see the price history going back to mid-January 2016. ASML has rallies followed by multi-month corrections. ASML made a bigger rally from December than the rally from its February low or from its June/July low. The first correction on ASML lasted three months and the second one lasted four months. Prices are above the rising 50-day moving average line and above the rising 200-day moving average line.
In this three-year weekly chart of ASML, above, shows what some chartists may call a large cup-and-handle pattern or a large saucer bottom. Prices broke out of this large pattern on the upside when $110 was broken on the upside recently. Prices are above the rising 40-week moving average line. Look at the weekly OBV line -- buyers of ASML have been more aggressive since the fourth quarter of 2015 and this suggests a significant period of accumulation. The weekly Moving Average Convergence Divergence (MACD) oscillator has been in a bullish mode since March.