Buy Call on Taiwan Semiconductor (TSM) at Key 248.28 Buy Point

about 2 months ago

Justin Nielsen

"This one finishing the day up 1.6%. Just flirting with this 248.28 buy point, but there's probably an early entry. Friday clearly was a legitimate entry as it gapped above the 50-day moving average and broke through resistance at 240, forming a flat base with only 10% depth."

Taiwan Semiconductor (TSM) is showing a solid technical setup with a flat base and a breakout above its 50-day moving average. With a 1.6% advance and a buy point at approximately 248.28, traders can look for an early entry, using the tight 10% base as a catalyst for a swing trade.

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