Trader_Joe_Lee

TSM daily bulllish butterfly after earnings

Long
Trader_Joe_Lee Updated   
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Taiwan Semiconductor Manufacturer has a bullish butterfly pattern after its earnings.
It didn't really pull back much since 2015-8-24, so this trading opportunity is worth noticing for potential reversal sign near 38.00-39.00

In terms of trading, TSM is not the one people mention the most in Taiwan for its steady move and lack of volatility;
while in terms of investing, almost everyone will think TSM is the top 3 pick for long-term investing.
Finding a good entry for this stock and execute the buy and hold strategy is not a bad idea at all ~


Let's see how it goes!
Comment:

nice little daily hammer

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.