jupitergoldfish

TSM Uptrend rising wedge - potential bearish reversal

NYSE:TSM   TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10
Uptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing.

Investment strategy would be consider shorting in the near future, but definitely a bullish outlook in the long term

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