Although TSM has been consolidating, it has displayed signals of a bullish move. I think we are seeing a great entry to be taken at the current price since we are seen to be resting at a Fibonacci Support for an even greater chance of an up-move. Not only are we testing a support but we have seen reductions in selling momentum, while also getting signs that emas on the Willy may crossover. We have seen TSM continue to test the resistance of 127 so I believe that is a great target for profits, although I believe we are going to break through that since we are seeing a potential squeeze to be had.
Bullish Signals
-Squeeze indicator
-Willy Oscillator
Price Target
-127
Bullish Signals
-Squeeze indicator
-Willy Oscillator
Price Target
-127
Comment:
This is a riskier trade as there is no great form of prior uptrend, trade wisely