$TSM watch for break of channel

٣ سبتمبر ٢٠٢١

TSM on the weekly has recently formed a triple bottom, trading the channel. MACD looks ready to cross and a close above AVWAP, watch for a breakout here.

10/15 125c or 130/125 debit spreads as an idea to play the breakout.

Rejection of top of channels invalidates trade.