Taiwan Semiconductor - Unknown stock with trading potential

NYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars.



Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future.

Levels to watch: $130, $100

Keep your long term vision,
Philip - BasicTrading