TSM Outlook: A Sickness in Chips?
After taking a look at NVDA and the situation shaping in that chart, I decided to take a closer look at TSM (Taiwan Semiconductor Manufacturing)
as a comparison and hopefully get an idea if the bleak outlook of NVDA is more about NVDA in particular or chips in general. It doesn't look nearly
as bad but it does not move like NVDA does, which is basically a meme stock at this point. If the next few months play out the way they seem they
are going to, it'll basically be in the same position, parabolic trend line broken and steep decent back down to Earth. Can't help but wonder if this
chart is spelling out "China Invades Taiwan" like NVDA seems to. Obviously A lot of speculation but something is brewing and the charts don't lie.
as a comparison and hopefully get an idea if the bleak outlook of NVDA is more about NVDA in particular or chips in general. It doesn't look nearly
as bad but it does not move like NVDA does, which is basically a meme stock at this point. If the next few months play out the way they seem they
are going to, it'll basically be in the same position, parabolic trend line broken and steep decent back down to Earth. Can't help but wonder if this
chart is spelling out "China Invades Taiwan" like NVDA seems to. Obviously A lot of speculation but something is brewing and the charts don't lie.
