TSM eyes on $194: Major Resistance to Break-n-Run or Dip-to-Buy
TSM has been recovering with the chip sector.
Currently testing a Major Resistance zone.
Look for a Dip-to-Buy or Break-n-Retest entry.
$193.92-195.18 is the exact zone of concern.
$177.83-178.31 is the first major support.
$203.68-204.56 is the first resistance above.
========================================
.
Currently testing a Major Resistance zone.
Look for a Dip-to-Buy or Break-n-Retest entry.
$193.92-195.18 is the exact zone of concern.
$177.83-178.31 is the first major support.
$203.68-204.56 is the first resistance above.
========================================
.
Trade active
Houston: We have IGNITION, finally!(yellow shaded area is from posting time)
.
What next?
Closed 25% of position for 4% to cover costs.
Looking for next two TP's at 9% and 11% gain.
Stop Loss at Break Even on 75% for now.
==========================================================
.
Trade closed: target reached
Wham Bham thankya MhamAll for TP's hit, for 4%, 9%, 11%, and 18% gains.
As usuall, I close 25% at each fib along the way.
.
NOW we have hit a DOUBLE GOLDEN zone:
This could END our bull wave for a while.
If not, then it shows incredible strength.
Regardless, I am OUT for now, will be watching.
==========================================================
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.