MarcoOlevano

$TSM Previous support to turn into resistance?

Short
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd
the $108 level was significant support for the TSM for the entirety of 2021. Massive accumulation zone which failed in early March. Interesting level to watch as a failure to reclaim this important level could result in further capitulation in the stock. However if we manage to break above, a false break could be seen as a positive sign for the counter going forward.

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