TSMC detection of a "falling Wedge" and a "BAT" potential.
The price could rise and reach the gap upwards towards 147.25 then higher at 156.11
On the downside the market could go down to 135.92 then to 128.76 and finally to 125.27
Additionally, the RSI is divergent with the stock price §
be attentive and monitor the Ichimoku levels
Expecting a sell-off to hit the US market in the near term. So decided to book profit as soon as the price reached a key inflection level.
Will consider a re-entry if price falls back to the low of the ascending channel, after evaluating the overall macro and micro economics at that moment.
Previous posts regarding the same scrip are attached underneath. Do...
It can either break up or break down not sure on how it's going to go. Demand and supply both are reducing over time, need a volume confirmation to take the trade.
