TSM showing strength here with buying momentum clearly picking up at possible higher low with 4h highs to take out. Should provide multiple buy opportunities to the upside as long as hourly continues to trend.
Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023.
The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within...
