TSM offers another change to enterTSM still has a tight average true range compared to other stocks beaten down this past week. The 10d ATR (x2.7) suggest a stop of only 6.91% below purchase price and allows for a position size of R14.47. Buy on more strength as it passes today's high. It's already a pretty tight stop, but could further tighten the stop by using yesterday's low, but would be more likely to shake out.
Buy Point: 91.18
Stop Loss: 6.91% (84.88)
Position Size: R14.47
