goodguy
Long

TSM: Cup with handle long

NYSE:TSM   TAIWAN SEMICONDUCTOR MANUFACTURING
Beautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI . (lower RSI with higher bottom in price). This gives a target of a possible target of 84.


From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.
Comment: At original target of 84. Sold partial position after hour at 83.80.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out