Taiwan Semiconductor Manufacturing Company Ltd.NYSE
Description
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TSM showing signs of strength with high relative volume at opening today with a large bullish engulfing candle. Target for Wave 3 has confluence at the 200% extension and the mid-line of the channel. The 21 EMA (orange line) is catching up to price on the hourly. The MACD is crossed on the daily timeframe as well. Semiconductor sector looks to continue bullish momentum as big names like NVDA and AMD push higher.
I had a call and made 100% gain. And planning to re-enter, will it be trading around 111-113 range and then make the next move. I could see that good earnings are upcoming.
Alpha_Trades206
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@jose2rock, I never advise holding into earnings, but holding for earning run-ups is a possibility here. Conservative target of $115. Aggressive of $120. These conditions are only valid is price holds $110
jose2rock
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Yeah. My plan is also not to hold for earnings. Planning to run till earnings. Jan 10 they have December delivery report.