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Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
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Taiwan Semiconductor price seeks a bottom to boost it higher - 28-03-2024
Mar 28, 2024 5:49 AM

Taiwan Semiconductor Stock Analysis Taiwan Semiconductors stock price (TSM) fell in the intraday levels, while seeking a bottom to gather fresh momentum and rise anew, amid the dominance of the main upward trend in the short term alongside the trend line, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the important resistance of 158.40, provided the support of 133.73 holds on.

Trend Forecast Likely Bullish: Considering the positive pressure from the 50-day SMA and the main upward trend, we anticipate a resurgence in Taiwan Semiconductor's stock. Monitoring Market Movements Stay updated on market developments for informed investment decisions.

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