$TSM
Added 2023-11-08 18:14:07 +0000 UTCFor the last few months we have been monitoring $AMD and $TSM very closely, and we think that both of them will continue pushing higher over the next few years.
We decided to buy $AMD because the chart looked stronger but still believe $TSM is a good company.
Our decision turned out correct as $AMD has really taken off over the last 10 Days. $AMD is comfortably outside its bullish flag and above its 50 and 200 Day MA's too.
$TSM is still struggling to get above its 200 Day MA and their miss on revenue from their report stopped its momentum too, they also warned of a decrease in orders for Q4.
That being said, if $TSM can flip its 200 Day MA to support, I see no issues with this drifting higher as shown. 200 Day MA is at $92.70 now, this will be the next big test.
