TSM (Taiwan Semiconductor Manufacturing Corp) will trigger an objective short entry on a solid break and/or weekly close below 108. This is a weekly chart so this should be considered a long-term swing/trend trade with stops commensurate with one’s preferred price target(s).
TSM weekly Feb 3rd
Note: TSM is scheduled to report earnings on or around April 14th which, if my current projections are accurate, should be around the time the stock hits the first target around the 84.20ish support, 30% below current levels. However, this is a trade SETUP at this time, which is a potential short trade pending the aforementioned sell signal/short entry trigger although aggressive traders could opt to initiate a partial short position around current levels with a stop somewhat above 128, which is price resistance on the daily chart, adding to the position if & when 108 is taken out.