Taiwan Semiconductor Manufacturing Companys stock price (TSM) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals coming out of it, as the stock gathers positive momentum to rise anew, amid the dominance of the main upward trend, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of $184.86 anew.

Trend forecast: Likely Bullish