Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 12/15/2021, 2 days ago, when the stock price was 117.1200. Since then TSM has fallen by -0.68%.
Market Outlook
The market is not a friend of the bulls anymore. The bearish signs are increasing and the odds for a downside breakout is significantly high. The share price is below the confirmation level of the last bearish pattern, but the signal is still suggesting to STAY LONG. The SHORT signal requires a black body whose close is below the confirmation level and the chance of detecting such a black candlestick is very high. The Delayed Intraday Module is ON. Given the high risk involved, following the price action on an intraday basis is now essential.