TSM: 1 year Channel Up calling for pullback.

TradingView2026/05/09 20:42

By:TradingView

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Taiwan Semiconductor Manufacturing is having a very steady bullish 1D technical outlook (RSI = 62.078, MACD = 14.130, ADX = 29.548), trading inside a Channel Up for 1 full year. The 1D MA50 is acting as the first support with the 1D MA100 as the second. Having already completed a +34% bullish wave, the price is entering the new high zone. If rejected here, expect a new 1D MA100 pullback (TP = 360).

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

TSM: 1 year Channel Up calling for pullback.

You may also like

Crypto prices