Watch These TSMC Price Levels as the Chipmaker’s Earnings Report Looms
Key Takeaways
- TSMC shares will likely remain in the spotlight ahead of the contract chipmaker’s fourth quarter earnings report due Thursday before the opening bell, with investors expecting AI-driven demand to fuel results.
- The stock broke out from a 11-week ascending triangle earlier this month on above average volume but has since pulled back to retest the pattern’s top trendline.
- Investors should monitor a measured move bullish price target at $246, while also tracking important support levels on TSMC’s chart around $190, and $175.
Taiwan Semiconductor Manufacturing Co. (TSM) shares will likely remain in the spotlight ahead of the contract chipmaker’s fourth quarter earnings report due Thursday before the opening bell, with…
