To continue breaking new highs as it progresses to break its previous highs from years prior, as volume is starting to develop within this sector. The road to recovery may be near as the looming expectation of Taiwan being attacked is apparently no longer of topic. For now TSM continues with good buying pressure on the weekly as we observe the chart to the left, and price breaking certain technical indicators providing more value to the upside in the near to intermediate term. I am leaning towards a price target of 140 end of year.
The monthly timeframe is looking even better for overall confirmation as price as received significant buying pressure within the last three monthly candles if you were to view it in real time, this is leading to a possible breakout further past the low to mid 110s.
The monthly timeframe is looking even better for overall confirmation as price as received significant buying pressure within the last three monthly candles if you were to view it in real time, this is leading to a possible breakout further past the low to mid 110s.
infamousnicone
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