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A Bull Investment Case for TSMC (Summary Version)

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Taiwan Semiconductor (TSMC) - ADR / Technical Analysis

Taiwan Semiconductor (TSMC) - ADR (TSM US)

<ul>
<li>TSMC (ADR) upside gap out of the bull wedge shows conviction to test the 2021 old high zone. Wedge breakouts have a high conviction rate.</li>
<li>Price and RSI pattern breakouts show fresh buy support in the gap zone. Buy volumes are constructive as is backswing support.</li>
<li>Near term dip risk stems from a stall in the US tech sector (RSI stall zone). Intermediate cycle is compelling.</li>
</ul>


TSMC (ADR) upside gap out of the bull wedge shows conviction to test the 2021 old high zone. Wedge breakouts have a high conviction rate.
Price and RSI pattern breakouts show fresh buy support in the gap zone. Buy volumes are constructive as is backswing support.
Near term dip risk stems from a stall in the US tech sector (RSI stall zone). Intermediate cycle is compelling.


TSMC (ADR) Bull Wedge Breakout for New Highs