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.