Bearish
Fundamental
- $Taiex bigcap are mostly semi-con whereby most are over-valued during the pandemic
- Now that demand are declining, there will be a surplus of supply > demand and looking at the coming recession / stagflation in the US. Taiwan being US semi-con partner. It will not go well with the GDP
TA
- Broke of major upward trend losing momentum
- Form a rising wedge and broke down
- Divergence in momentum theory indicator
- Price did a rebound and unable to clear 0.5 fibo goes to show that this down trend is pretty strong
Love Taiwan
But will see a big decline in their economy in the coming 2-3 years. It will show in the country GDP as a big part of their economy depends on Semi-con
Fundamental
- $Taiex bigcap are mostly semi-con whereby most are over-valued during the pandemic
- Now that demand are declining, there will be a surplus of supply > demand and looking at the coming recession / stagflation in the US. Taiwan being US semi-con partner. It will not go well with the GDP
TA
- Broke of major upward trend losing momentum
- Form a rising wedge and broke down
- Divergence in momentum theory indicator
- Price did a rebound and unable to clear 0.5 fibo goes to show that this down trend is pretty strong
Love Taiwan
But will see a big decline in their economy in the coming 2-3 years. It will show in the country GDP as a big part of their economy depends on Semi-con