TSM Showing Solid Support At The 20 Day Moving Average
TSM with support off the 20 day but can it hold?
You can start a position here if you like low risk/high reward trades. A stop at the low of the day is <1% risk.
If I was taking this trade I'd wait for it to take out the high of the day and I'd open a 1/4 full size position. Or better yet I'd wait to see if it holds support today and then buy on a follow through tomorrow.
Current market conditions are gloomy so I'm not taking this entry. Let's see what happens tomorrow.
You can start a position here if you like low risk/high reward trades. A stop at the low of the day is <1% risk.
If I was taking this trade I'd wait for it to take out the high of the day and I'd open a 1/4 full size position. Or better yet I'd wait to see if it holds support today and then buy on a follow through tomorrow.
Current market conditions are gloomy so I'm not taking this entry. Let's see what happens tomorrow.
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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.
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.