📈 (Taiwan Semiconductor)
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Ascending triangle breakout
📉 Previous Trend: Recovery after drop
🔁 Setup: Bullish continuation with breakout confirmation
🧩 Technical Breakdown:
Support Zone:
~$242.50 (yellow horizontal support)
Uptrend line holding as dynamic support (pink diagonal)
Entry Zone:
Around $242.75, just above triangle breakout and support retest
Resistance / Target Levels:
TP1: $244.07 (red zone — minor supply)
TP2: $245.43 (green zone — prior high, resistance zone)
Stop Loss:
Below $241.80 or just under triangle trendline (~$241.25)
Risk-Reward Estimate:
Approximately 1:1.5 to 1:2 based on $1.5 risk and $3 reward potential
⚠️ What to Watch:
Volume confirmation during breakout or retest
Holding above yellow support zone and triangle trendline
Potential fake-out risk near $244 zone if volume fades
✅ Summary:
TSM is setting up a bullish continuation after reclaiming key levels and forming a tight ascending triangle. A clean breakout above $243 may trigger a move toward $245+ if buyers step in.
http://dlvr.it/TM9MDt
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Ascending triangle breakout
📉 Previous Trend: Recovery after drop
🔁 Setup: Bullish continuation with breakout confirmation
🧩 Technical Breakdown:
Support Zone:
~$242.50 (yellow horizontal support)
Uptrend line holding as dynamic support (pink diagonal)
Entry Zone:
Around $242.75, just above triangle breakout and support retest
Resistance / Target Levels:
TP1: $244.07 (red zone — minor supply)
TP2: $245.43 (green zone — prior high, resistance zone)
Stop Loss:
Below $241.80 or just under triangle trendline (~$241.25)
Risk-Reward Estimate:
Approximately 1:1.5 to 1:2 based on $1.5 risk and $3 reward potential
⚠️ What to Watch:
Volume confirmation during breakout or retest
Holding above yellow support zone and triangle trendline
Potential fake-out risk near $244 zone if volume fades
✅ Summary:
TSM is setting up a bullish continuation after reclaiming key levels and forming a tight ascending triangle. A clean breakout above $243 may trigger a move toward $245+ if buyers step in.
http://dlvr.it/TM9MDt