Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Taiwan Semiconductor Manufacturing Co Ltd (TSM US): TSS Target Achieved in 3 Days (+13.4%) and more

In today’s briefing:

  • Taiwan Semiconductor Manufacturing Co Ltd (TSM US): TSS Target Achieved in 3 Days (+13.4%)

Taiwan Semiconductor Manufacturing Co Ltd (TSM US): TSS Target Achieved in 3 Days (+13.4%)

By David Coloretti, CMT

  • The development of TSS has been a life’s work. We are pleased to acknowledge that our second TSS publication on Smartkarma produced an impressive and rapid result.
  • On 7 November we determined that the new interim downtrend low below 59.51 had failed and would likely produce a minimum 6-8% correction in 1-2 weeks. 
  • TSM US subsequently produced a 13.4% gain in the following 3 days. Job done! Chart and further details attached.

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