Taiwan Semiconductor Manufacturing Company Ltd.NYSE
Description
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The fundamentals suggest TSM is ready for a rally back up to $20 or greater.
Twice open Gapped down the recent one (like the first) rallied and closed up for the week which was a smaller rally than the first. Rally was to 21 daily ema. Retesting bottom, will it hold or drop lower to previous resistance now potentially support at around $15.
If it gets above $17.50 before $15 then likely will run higher. I like the fundamentals of this stock a lot just waiting for confirmation on the technicals to enter long. Another long entry may be if and when price closes above the 21 ema.