Tech went through a nasty correction. I believe the correction may be over most tech stocks are trending to oversold.
The case with TSM is they have corrected back to key levels and are oversold on the RSI. And SQZMOM Bear and MACD both show a trend to positive upside.
On Friday they closed over $115.81 and that's a good sign to bounce back to the next resistances $120.87 $124.96 $129.05 $134.87 $142.28
Worst case scenario it falls back under the most recent support at $115.81 then tests $107.63 then $103.38 after $103.38 is danger zone.
Earnings Call is April 15th and i expect them to beat expectations and they have a history of performing true to earnings. So could have a sharp move north if good earnings are announced.
The case with TSM is they have corrected back to key levels and are oversold on the RSI. And SQZMOM Bear and MACD both show a trend to positive upside.
On Friday they closed over $115.81 and that's a good sign to bounce back to the next resistances $120.87 $124.96 $129.05 $134.87 $142.28
Worst case scenario it falls back under the most recent support at $115.81 then tests $107.63 then $103.38 after $103.38 is danger zone.
Earnings Call is April 15th and i expect them to beat expectations and they have a history of performing true to earnings. So could have a sharp move north if good earnings are announced.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.