TSM

Taiwan Semiconductor (TSM) – [ Keeping A Lookout, Technical Outlook]

Kelwin & Roy TSM , ,
19th November, 2021, 6:57 PM

Taiwan Semiconductor (TSM) – [ Keeping A Lookout, Technical Outlook]TSM 19th Nov2021

Chart source: Poems2.0.com

Taiwan Semiconductor (TSM) is currently in a large sideways movement. We can see that the upper resistance is around $125.6 and the lower support is at $107.9. The middle support band is around $116.50. TSM had a big push last night with a green candle with volume. It is still in consolidation and has not broken out of the band. We need a clean break of the resistance of $125.61 then we might see it move higher to $131 and even $139. Failing to break might see it move lower to the middle support before it tries to attempt to breakout.

Take a look at Disney and see if you spot anything similar?

Downside support at $107. If this breaks TSM might fall to even $95 area. We’re not hoping for this situation.

Keeping a close lookout for the break.

Yours

Humbly

Kelwin&Roy

Taiwan Semiconductor Mfg(TSM) – [Watching For A Clean Break Out]

Kelwin & Roy TSM , , , ,
13th July, 2021, 7:19 PM

Taiwan Semiconductor Mfg(TSM) – [Watching For A Clean Break Out]

Taiwan Semiconductor Manufacturing 13thh july 2021Chart source: Tradingview.com 13th july 2021

Lets take a look at Taiwan Semiconductor Mfg(TSM) listing in the US.ย Taiwan Semiconductor Mfg is a Taiwanese multinational semiconductor contract manufacturing and design company.ย It is the world’s most valuable semiconductor company and one of Taiwan’s largest companies. TSMC was the world’sย first dedicated semiconductor foundry and has long been the leading company in its field.

Most of the leading fabless semiconductor companies such as AMD, Apple, Broadcom, Nvidia and Qualcomm are customers of TSMC.

Lets take a look at the chart using technical analysis and see what are the resistance and support points. A good clean break of US122.63 and staying above that might see it around $127.22 and $132 at the gap resistance.

The support is the uptrend line first and the $115 horizontal line.

Any thoughts on TSM?

Yours

Humbly

Kelwin&Roy