TSM is breaking up through the attic in a declining trend with increased volume. The stock has been in a declining trend since ATH in January 2022.
There is support around 74 and resistance around 95. Pivot lines are determined from a 5 year chart.
OBV has been falling, but got a boost here in January.
The RSI has risen in an S form from a low level in October.
Oscillators and Moving Averages stand at the buy from one day to one month.
Rating: The stock may well be bullish in the short term, but in the medium term the stock will probably be in a less falling or more horizontal trend. Consider in to further the stock technically neutral, but positive in case of break through the resistance around 95 with increased volume.
This is a technical analysis, but fundamental analysts have a positive view of the stock.
Note: The stock has a geopolitical risk.
Remember you need do your own research and assessment before buying and selling.
Disclaimer: I have a position in the stock.
Sources: Trading View and Yahoo Finance.
There is support around 74 and resistance around 95. Pivot lines are determined from a 5 year chart.
OBV has been falling, but got a boost here in January.
The RSI has risen in an S form from a low level in October.
Oscillators and Moving Averages stand at the buy from one day to one month.
Rating: The stock may well be bullish in the short term, but in the medium term the stock will probably be in a less falling or more horizontal trend. Consider in to further the stock technically neutral, but positive in case of break through the resistance around 95 with increased volume.
This is a technical analysis, but fundamental analysts have a positive view of the stock.
Note: The stock has a geopolitical risk.
Remember you need do your own research and assessment before buying and selling.
Disclaimer: I have a position in the stock.
Sources: Trading View and Yahoo Finance.
Nota
TSM runs on resistance around 95.
The OBV and RSI are rising, but the stock was overbought around January 23.
Oscillators and Moving Averages stand on bay from one dag to one month.
If the price goes through 95 with large volume then the stock is technically positive.
Nota
Refers to the last part of the graph: What we observe here is a REC. Investors can't properly decide whether we're going up or down, but it could become a continuation REC.
Nota
The body of the green candlestick is larger than that of the red ones the last month and a half. This indicates buying pressure.
Nota
If you are short term you might have taken gains in this area, see arrow, with my buy at 72.9.
If you are long term the price momentum signals is of little importance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.