Taiwan Semiconductors stock price (TSM) edged lower in the last session while trying to gather positive momentum and vent off overbought saturation in the Stochastic, with negative signals streaming from it, amid the dominance of the upward correctional wave in the short term, with ongoing positive pressure due to trading above the 50-day SMA, accompanied by a surge in trading activities, indicating strong movements on the price.

Therefore we expect the price to rise and target the resistance of $213.20, provided the support of $184.60 holds on.

Todays price forecast: Bullish