$Taiwan Semiconductor(TSM.US)

It’s been a while since I updated TSM so today’s chart and trade showcase is on TSM. I consider TSM along with Nvidia as one of the more important bell weathers of the semiconductor space and I study them along with SMH as well as other relevant charts to have a rough gauge of sentiment within the space.

And her charts indicate caution ahead. She has extended her wave again and again, rebounding off supports repeatedly, underlining great strength. But that five waves need to resolve before a more meaningful push upwards.

Stay safe!

@Bridge Buzz SG