Beautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI. (lower RSI with higher bottom in price). This gives a target of a possible target of 84.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.
Anmerkung
At original target of 84. Sold partial position after hour at 83.80.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.