Taiwan Semiconductor Manufacturing Company Ltd.NYSE
Description
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-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.
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.
Lauran_Elizalde
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@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.