ASML Tests Key Trend Line AgainASML Holding NV Sponsored ADRBATS:ASMLAbirstockASML shares are now testing a key rising trendline, making the stock’s next move important for investors and traders. The trendline has already been tested around four times, and each test has been followed by a rebound. If the trendline holds again, ASML could form another bullish setup. The stock has taken a hit lately. After its second-quarter earnings, shares dropped about 10 percent. That came after a huge run-up. By July, ASML had already climbed roughly 60 percent in 2026, according to Reuters. After such a strong rally, many investors simply took profits. Around the same time, news broke that a Chinese state-backed firm had started mass-producing lithography machines. These could compete with ASML’s lower-end DUV tools.This is mainly a long-term competitive and geopolitical risk, not evidence that ASML’s core EUV business has suddenly weakened. Right now the chart is at a make-or-break point. Hold the trend line, and the bullish case stays alive.