freakypab

Bears are not fan of TSM chips

Kort
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
TSM has always been the laggin semi play and looks to continue that trend by losing it gains. TSM had an insane run last few sesions followed by losing most of it steam. Currently it is on a downtrend after failing to reclaim EMAS. Continued selling pressure has it nearish support but still has some room down. There is a gap to fill below which looks like it may fill via wick or actual candle. IF we get pump at open with a failed EMA reclaim id go short until 122-120. If it breaks below 120 it should be an easy ride to 114 channel support

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