TSMC: Trading at top of a +/- 20% rangeTSMC has been trading in a +/- 20% range since Jan 2018 and this is the 3rd time the stock has hit the top of the range. Be it more tariffs, smartphone saturation or the fact that Chinese crypto mines are being shut down, the demand picture for chips are just not that great.
2330
TSM daily bulllish butterfly after earningsTaiwan Semiconductor Manufacturer has a bullish butterfly pattern after its earnings.
It didn't really pull back much since 2015-8-24, so this trading opportunity is worth noticing for potential reversal sign near 38.00-39.00
In terms of trading, TSM is not the one people mention the most in Taiwan for its steady move and lack of volatility;
while in terms of investing, almost everyone will think TSM is the top 3 pick for long-term investing.
Finding a good entry for this stock and execute the buy and hold strategy is not a bad idea at all ~
Let's see how it goes!