Dutch Stock Market Breaks Out, Sets New Highs
The Dutch stock market has seen a significant upward breakout, with the AEX index surpassing previous highs. This move generates strong buy signals across all timeframes and sets a short-term target around 1010 - 1020 points in the coming weeks. Individual stocks with constructive price patterns are worth closer examination.
The recent rally follows a period of consolidation since 2024, which can be viewed as a positive continuation pattern in the long-term bull market. This suggests strong buying pressure. Above the 1010 - 1020 points level, the rally could potentially accelerate towards 1110 - 1130 points, although intermediate corrections at high levels are also possible.
On the downside, support levels are at 948 - 951 and 927 - 933 points, which could present opportunities for countercyclical entries. It's worth noting that below 922 points, the big buy signal could be suspended on a daily and weekly closing basis. Despite the recent rise, the AEX index has not experienced a strong rally this year, instead consolidating volatility after falling from its 2024 high.
ASML, the company with the largest weighting in the AEX index, has been attractive since last week, although it's not explicitly named in the search results. The index rose by 0.4% recently, reflecting a 6.8% gain year-to-date. With the end of the consolidation period, a new medium-term rally surge could be on the horizon, making the Dutch stock market highly attractive.
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