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tfleet007

$TSM Neutral Outlook

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)  
tfleet007 Updated   
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Chart Patterns Trend Analysis Technical Indicators
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chartpattern trendanalysis indicator
Looking for increasing bullish volume and follow-through on break of the upper trendline of the consolidation channel. Otherwise I'm watching break of $95.50 with bearish volume to fill the gap.

Notes:

- Gap in the chart
- Declining volume on re-test of upper trendline of consolidation channel
Comment:
After testing the lower channel, Increasing bullish volume and follow-through sent TSM to new ATH.
Comment:
snapshot

Updated chart.

TSM testing new GP, bear volume and lack of bull volume is there indicated by the arrows. I think this is one of those names that needs the indexes to push ATHs to continue moving.
Comment:
snapshot

Perfect bounce off the GP
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