Seeing upside potential for TSM
The fundamentals suggest TSM is ready for a rally back up to $20 or greater.
Twice open Gapped down the recent one (like the first) rallied and closed up for the week which was a smaller rally than the first. Rally was to 21 daily ema. Retesting bottom, will it hold or drop lower to previous resistance now potentially support at around $15.
If it gets above $17.50 before $15 then likely will run higher. I like the fundamentals of this stock a lot just waiting for confirmation on the technicals to enter long. Another long entry may be if and when price closes above the 21 ema.
Twice open Gapped down the recent one (like the first) rallied and closed up for the week which was a smaller rally than the first. Rally was to 21 daily ema. Retesting bottom, will it hold or drop lower to previous resistance now potentially support at around $15.
If it gets above $17.50 before $15 then likely will run higher. I like the fundamentals of this stock a lot just waiting for confirmation on the technicals to enter long. Another long entry may be if and when price closes above the 21 ema.
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