Taiwan Semiconductor Manufacturing Company Ltd.NYSE
Description
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Broke out of resistance on 24th December. Price came back to retest the new support 2 days later and rebounded. Volume was high during flagpole formation, and decreased while forming triangle, showing some accumulation. 20EMA coming up to support the price before breakout of pennant happened.
Flagpole length: 16.75 TP: 120 based on length of flagpole