TSM extreme price action shocks the AI sector recently and has made good price correction. We are still in bullish market and personally i think we will see big leg of upward price trend to check all times in coming months from this area. Todays pull back forms very attractive candle form and likely price pushes upward lil more and may consolidate.About the TSM
1H and 4H charts show bullish divergence as well as long shadow doji candle forms.
Previous high of $160 could be the strong support that will bounce if price slides as well as where fib 0.5 is. Targets are $168 tp fill the gap and as I mentioned above ultimate target should close to all time highs.
Comments and thoughts will be appreciated!
Thank you and good luck!
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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.