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$TSM watch for break of channel

Long
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM)  
FriscoTrades  
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Parallel Channel Double Top or Bottom Oscillators TSM tsmc tradethechannel options-strategy
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parallelchannel doubletoporbottom oscillator tsm tsmc tradethechannel options-strategy
TSM on the weekly has recently formed a triple bottom, trading the channel. MACD looks ready to cross and a close above AVWAP, watch for a breakout here.

10/15 $125c or 130/125 debit spreads as an idea to play the breakout.

Rejection of top of channels invalidates trade.
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