TSM HEAD AND SHOULDERS CONTINUATION?
TSM IS IN A FIRM UPTREND AND FORMING AN INVERTED HEAD AND SHOULDERS CONTINUATION PATTERN ABOVE ITS 200 DAY MOVING AVERAGE. I WILL BE LOOKING TO BE LONG AT A 3% PRICE ABOVE THE HORIZONTAL BOUNDARY AT $47.07 WITH A PRICE TARGET OF $57.03 ish.
Note
long TSM since the 3% breakout at $47.07 this has easily been my best trade of the year. A beautiful clean Head and Shoulders pattern shooting right to its measured price target. I took off half my position today and with the stock still showing strength am going for a ride here using the 18ema as a stop guide.
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.
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.