ASML, what are you trying to do?

ASML is trading at interesting zone.
Two things could play out from here.

Concerning Points.
- PE stretched, median PE over the last 13 years has been 35.
- Has broken 10/20 day moving averages (daily).
- Several Gap up's on daily chart.

Positive points.
- AI play is still intact with strong demand.
- Dominant/only player.
- Zoom out to weekly chart, and you will see a cup and handle pattern forming.
Which leads me to believe that, it might consolidate here for some time, forming the handle.
followed by breakout.