(TSM) Taiwan Semiconductor Set for a Bullish Surge!
Technical Analysis: Taiwan Semiconductor (TSM) – 15-Minute Timeframe (Long Trade)
We entered a long trade on Taiwan Semiconductor (TSM) at 204.25 after a clear bullish signal. The trade is currently in progress, and we are waiting for the profit targets to be hit.
Key Levels
Trend Analysis
The price is well above the Risological Dotted trendline, indicating strong bullish momentum. The upward movement is supported by a solid breakout, and we are now watching for the targets to be met.
The long trade on TSM looks promising, with a clear entry at 204.25. We are now monitoring the price as it approaches the first target at 215.12, expecting further upside momentum.
We entered a long trade on Taiwan Semiconductor (TSM) at 204.25 after a clear bullish signal. The trade is currently in progress, and we are waiting for the profit targets to be hit.
Key Levels
- Entry: 204.25 – The long position was initiated here following a strong upward signal.
- Stop-Loss (SL): 195.45 – Positioned below support to manage risk and protect against downside movement.
- Take Profit 1 (TP1): 215.12 – The first target we are eyeing as the bullish momentum unfolds.
- Take Profit 2 (TP2): 232.71 – A further upside target, marking a significant rally if the momentum continues.
- Take Profit 3 (TP3): 250.30 – A potential target if the bullish trend remains strong.
- Take Profit 4 (TP4): 261.17 – The ultimate target, signaling a substantial upside move.
Trend Analysis
The price is well above the Risological Dotted trendline, indicating strong bullish momentum. The upward movement is supported by a solid breakout, and we are now watching for the targets to be met.
The long trade on TSM looks promising, with a clear entry at 204.25. We are now monitoring the price as it approaches the first target at 215.12, expecting further upside momentum.
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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