Stocks

Taiwan Semiconductor ADR may rise to 183.10 - 188.70

2024-06-09

Our pivot point stands at 154.7.

Our preference

The upside prevails as long as 154.7 is support.

Alternative scenario

Below 154.7, expect 145.4 and 139.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 155.106 and 145.518).

Supports and resistances

194.4 **

188.7 *

183.1 **

177.4

164.39 (USD-last)

158.4

154.7 **

145.4 *

139.9 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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