Will TSM be corrected towards its support level of $98?

AAATrade Team AAATrade

Today’s instrument is the Taiwan Semiconductor Manufacturing Company Limited traded in NYSE exchange under the ticker TSM.

Looking at the TSM‘s chart, we can see that it has been in an uptrend, it was lastly traded at $105.57.

TSM has scheduled to announce its quarterly earnings next week, on the 20th of July. If the market’s anticipation is positive, then we could see it on the same track, rising towards its 52W high price at $110.69. On the other hand, it should be corrected towards its support level at around $98.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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