Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing $TSM (TSM) is trading below The S&P 500 Index $SPX (SPX), and, below The Philadelphia Semiconductor Index $SOX (SOX).

The stock is trading, relative to the S&P 500 Index, over a 50 day moving average, 4.9% below, and over a 200 day moving, 10% below. The stock is trading, relative to The Philadelphia Semiconductor Index, over a 50 day moving average, 3.6% below, and over a 200 day moving, 9.2% below. We follow the price action, and not the geopolitical news. The Wall Street Journal will cover the geopolitical news for you: https://www.wsj.com/articles/the-world-relies-on-one-chip-maker-in-taiwan-leaving-everyone-vulnerable-11624075400 Comments welcome.

No stock charts needed.

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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