Taiwan Semiconductor - Riding the Nvidia bullish wave

8 нояб.

TSM has been on an uptrend and the recent correction has been a weak bearish downside, forming a bullish flag instead. Yesterday's bullish bar break above the flag has been confirmed and long-term MACD has been rising, supporting the long-term uptrend.

We believe that the stock is likely to continue to edge up higher in the longer-term. SHort-term target is at 230.00 while long-term we are eyeing beyond 280.00-300.00