TSMC LONG TARGET 115 Bullish Flag
Nvidia reported tremendus quarter and TSMC is one of its biggest supplier.
Bullish flag breakout with volume.
A close above 100 will be bullish also.
investopedia.com/terms/p/pick-and-shovel-play.asp
investopedia.com/stock-analysis/cotd/answ20090105.aspx
investopedia.com/terms/b/breakout.asp
"What Is a Breakout?
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction."
Happy trading!
Bullish flag breakout with volume.
A close above 100 will be bullish also.
investopedia.com/terms/p/pick-and-shovel-play.asp
investopedia.com/stock-analysis/cotd/answ20090105.aspx
investopedia.com/terms/b/breakout.asp
"What Is a Breakout?
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction."
Happy trading!
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