Just read what i wrote above and you will understand what is happening, we are once again experiencing overbought conditions. Don't forget this is not a currency and not a commodity, it won't go that down.
This asset retraced to 78.6 ,then rallied back up to close past the previous resistance.This is a good indicator of a move to the upside.Looking to achieve a 161.8 target.
TSM broken down longer term upward channel, retested it & now seems rolling over. It is in the weak semiconductor sector. It has nothing significant to support a breakdown, so we are looking for a short-term Stock trade. A break below $29.46 will be entry confirmation & our target is $27.43
You can check our detailed analysis on TSM in the trading room/...
Last summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories.
I followed the stock for a little while and then gave up, only now following up.
Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I...
Potential Diamond (BLUE) is complimented by the potential IHS on the daily chart which would put price near the declining trend line.
Diamonds can break either direction
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...
