TSM Breakout + Gap fill
Updated
TSM has been consolidating under the 119 level (rejected 3 times). If daily closes above 119, potential break out and gap fill above to 121 then 124
Technicals:
- RSI over 50
-Price in uptrend
-Ascending triangle pattern
-9EMA crossed 21EMA (daily time frame)
-Decreasing volume inside triangle pattern
-Gap above (121 to 124)
-Price at volume shelf
Technicals:
- RSI over 50
-Price in uptrend
-Ascending triangle pattern
-9EMA crossed 21EMA (daily time frame)
-Decreasing volume inside triangle pattern
-Gap above (121 to 124)
-Price at volume shelf
Note
Close over 119.50 needed for breakout confirmationTrade closed: target reached
First price target reached. Trade closed as market sentiment is not in favor of trade direction
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