Earnings flip: a fresh Sell signal opens
Taiwan Semiconductor drops 8.2%: earnings trigger a fresh Sell signal
Earnings flip: a fresh Sell signal opens
Our view last week
Taiwan Semiconductor's weekly technical analysis shows a nearly flat week (-0.0%) with tension underneath: money flow has turned negative and sellers dominated the last bar, while the daily chart carved a strong double bottom with an 11% rebound. The trade has been under management since week 12, up 17.17%, with earnings due this week.
This week's summary
Taiwan Semiconductor's earnings landed last week, flipping the picture: after 12 weeks of a buy trade under management, this week a fresh Sell signal opens on Taiwan Semiconductor stock, with an 8.2% weekly drop. Price is boxed into a tight band between the 397.5 and 400.1 areas, and signal strength at its cap, 100 out of 100, describes a decline just getting started and already making lower lows. This week's technical analysis flags trading as not recommended.
IQS Phase
51
ordinary
Signal Strength
100
decline starting to make lower lows
Sizing
STANDARD
Ranking
#15 / 140
New us stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content