In today’s briefing:
- ASX Short Interest Weekly (Jan 10th): BHP, Aristocrat Leisure, Origin Energy, Computershare, Dexus
- TSMC (2330.TT) Posted Record Profits, But Our Model Flashes “OVERBOUGHT”: Should You Wait to Invest?
ASX Short Interest Weekly (Jan 10th): BHP, Aristocrat Leisure, Origin Energy, Computershare, Dexus
- We analyzed the changes in short interest of ASX Stocks as of Jan 10th (reported today) which has an aggregated short interest worth USD22.0bn.
- We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases & decreases in short value, short as multiple of ADT.
- We highlight short interest changes in BHP, Aristocrat Leisure, Origin Energy, Computershare, Dexus Property, Jb Hi-Fi.
TSMC (2330.TT) Posted Record Profits, But Our Model Flashes “OVERBOUGHT”: Should You Wait to Invest?
- Taiwan Semiconductor (TSMC) (2330 TT) logged record quarterly profits, but some tactical considerations stemming from our WEEKLY model analysis suggest the stock is short-term OVERBOUGHT.
- Both the Time Model and the Price Model are indicating the stock does not have much room to go higher before a possible pullback, maybe 1-2 more weeks, target 1143.
- The pullback will be an opportunity to buy at slightly discounted prices, rather than pile in at the highest possible price. The long-term outlook is bullish, buy-the dip.
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