![]() Say what you will about the numbers, but they weren’t impressive enough to bring buyers to the yard. Third, the response to the April 14 earnings announcement was bearish. This is a function of how long prices have been trending below it and marks one more obstacle for the bullish argument. Second, the 50-day moving average is now trending lower. We’ve remained below the 50-day ever since. This was the first such breach of the 50-day since TSM bottomed last year, which says something about this correction versus its predecessors. There have been a few key technical developments in Taiwan Semiconductor’s chart that define its current posture.įirst, on March 4, TSM stock prices fell significantly below the 50-day moving average. Source: The thinkorswim® platform from TD Ameritrade ![]()
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