Descending Triangle On $TSM

Taiwan has finally caught corona, and it doesn't seem like they will get it in control in time.

I am targeting a price of 80 if the situation does explode. Volume shelf showing a lack of liquidity between current price and that level.

This pattern is shared across AMD and UMC as well (AMD dependent on TSM, UMC also located in Taiwan), but less so in other semi companies.

Comment:

A strong flush downward would produce a lower low and confirm a downtrend btw.