NYSE:TSM   TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10
-W1 price in the top of the Pitchfork channel
-H4 Divergence between the price and RSI
-H4 RSI's neutrality zone breakout

Sell it if the price breaks the 121.00 usd support after the pullback at the red zone.
You can also sell it when the RSI goes back to the neutrality zone.

I put a Stop Loss, but you can adjust as you prefer.
The targets are the next supports.

Look at the weekly chart :

Comments

Prepare to be slaughtered if you try to short it. TSMC is ahead of schedule with 3nm and Apple bought all the 3nm capacity late this year already... Shorting TSMC is a suicide. Its strengthening its position as logic chip manufacturing monopoly in the world. If you want to bet against the whole semiconductor industry, go ahead. Just remember I warned you.
+2 Reply
@Dex4Sure, You talk about fundamentals, here we analyse the chart, moreover I don't care if this stock goes down, there is a stop loss, we manage our risk.
+1 Reply
total agree
+1 Reply
@Henry_Ross, Thanks ! 😀
Reply
Tsm is my customer and based on their recent purchase history their biz is definitely doing exceptionally well
Reply
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