latest filing, Berkshire Hathaway slashed it\u2019s holding of the stock by 86% just months
after taking a stake in the company. Following these news, the share price dropped by
over 5%.<\/p>\n\n\n\n
Taiwan Semiconductor Manufacturing Co. Ltd.<\/h2>\n\n\n\n
The stock has claimed from it\u2019s lows of around the 60 mark, set in Oct\/Nov 2022 by about
65% to touch the 100 area. But if we consider the big selloff that started at the area of
140 in Jan 2022, this strong advance can also be seen as a 50% retracement of this
major selloff move.<\/p>\n\n\n\n
As the market<\/a> was pulling back, the Daily and the Weekly charts changed direction. On On the Daily chart, we can see these touches clearly, indicating that there are still buyers On the Monthly chart, we can spot the breakout level of around the area of 105, which Good morning Traders! When Warren Buffett makes a move, the stocks market pays attention. According to thelatest filing, Berkshire Hathaway slashed it\u2019s holding of the stock by 86% just monthsafter taking a stake in the company. Following these news, the share price dropped byover 5%. Taiwan Semiconductor Manufacturing Co. Ltd. The stock has claimed from […]<\/p>\n","protected":false},"author":15,"featured_media":19009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"TSMC: Are the Chips Down? | %%sitetitle%%","_seopress_titles_desc":"Explore the current state of TSMC and its outlook in the market. Learn about potential challenges and opportunities for the chip manufacturer.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts\/24421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/comments?post=24421"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/posts\/24421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/media\/19009"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/media?parent=24421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/categories?post=24421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/es\/wp-json\/wp\/v2\/tags?post=24421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
the Weekly chart, the market<\/a> is still in an uptrend, and after printing a Higher High, it has
been bouncing off the level of 90.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/TSMC-W1024_1.jpg\")
<\/figure>\n\n\n\n
at this level. A decisive break below this level could see a test of the previous Weekly
swing high around the 83.4 area.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/TSMC-D1024_1.jpg\")
<\/figure>\n\n\n\n
has not been tested yet. My preferred scenario is for the market to make another push
toward the 105 area and test it from below, potentially with diverging momentum
indicators, then, I\u2019ll be looking for a rollover setup.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/TSMC-M1024_1.jpg\")
<\/figure>\n\n\n\n
Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"