TSM - Breakout Falling Trend Channel

٢٩ مايو ٢٠٢٣

🔹TSM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
🔹TSM has broken an inverse head and shoulders formation.
🔹RSI above 70 shows that the stock has strong positive momentum in the short term.
🔹Overall assessed as technically positive for the medium long term.

Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢

Verify it first and believe later.

WavePoint ❤️