TSM: 1 year Channel Up calling for pullback.
By:TradingView
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Taiwan Semiconductor Manufacturing is having a very steady bullish 1D technical outlook (RSI = 62.078, MACD = 14.130, ADX = 29.548), trading inside a Channel Up for 1 full year. The 1D MA50 is acting as the first support with the 1D MA100 as the second. Having already completed a +34% bullish wave, the price is entering the new high zone. If rejected here, expect a new 1D MA100 pullback (TP = 360).
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