TSM - Ranging and due for a move to the up or downside
Looking at recent chart action, this seems to consolidate for around 30 to 60 days (roughly) and then pop mostly to the upside.
So I would be closely monitoring this for a confident break from this range and would be a buyer for the long-term.
Really quite a beautiful chart and if you timed a good entry, this would be a nice addition to the portfolio.
IF it breaks to downside, simply buy on a decent support level.
So I would be closely monitoring this for a confident break from this range and would be a buyer for the long-term.
Really quite a beautiful chart and if you timed a good entry, this would be a nice addition to the portfolio.
IF it breaks to downside, simply buy on a decent support level.
Note
This is such a buy
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.