TSM - Bullish Inverse Head & Shoulder Setup
Summary: TSM has been a semi-industry leader (along with NVDA) last 3 months and it is forming and inverse head & shoulders pattern on the longer time frames (you could also call this right shoulder just a bull flag setup but it's bullish either way) and I am expecting a breakout in the next few trading sessions. Will look for calls on the confirmed break above 205.5 with SL of 203.5 in mind.
Possible Contracts:
205C for 1/3/2025 (currently $6.40)
210C for 1/3/2025 (currently $4.45)
P&L Assuming 205.5 Entry
Profit: $9
Loss: $1.5
Risk v Reward: 6:1
Possible Contracts:
205C for 1/3/2025 (currently $6.40)
210C for 1/3/2025 (currently $4.45)
P&L Assuming 205.5 Entry
Profit: $9
Loss: $1.5
Risk v Reward: 6:1
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