With word back in April that Apple may be partnering with TSMC (replacing Intel) to make its chips, and with news that TSM is building a plant in Arizona for that purpose among others, TSM has been on the edge of my mind. So much so that I added it today as it has bull flagged down to short-term support and the moving averages. Those moving averages will be my tolerance in a risky market. Hold the MAs and I’ll have a constructive view, lose them and I’ll manage risk.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.