(TSM) Taiwan Semiconductor Set for a Bullish Surge!

Technical Analysis: Taiwan Semiconductor (TSM) – 15-Minute Timeframe (Long Trade)

We entered a long trade on Taiwan Semiconductor (TSM) at 204.25 after a clear bullish signal. The trade is currently in progress, and we are waiting for the profit targets to be hit.

Key Levels

• Entry: 204.25 – The long position was initiated here following a strong upward signal.
  
• Stop-Loss (SL): 195.45 – Positioned below support to manage risk and protect against downside movement.
  
• Take Profit 1 (TP1): 215.12 – The first target we are eyeing as the bullish momentum unfolds.
  
• Take Profit 2 (TP2): 232.71 – A further upside target, marking a significant rally if the momentum continues.
  
• Take Profit 3 (TP3): 250.30 – A potential target if the bullish trend remains strong.
  
• Take Profit 4 (TP4): 261.17 – The ultimate target, signaling a substantial upside move.
  

Trend Analysis
The price is well above the Risological Dotted trendline, indicating strong bullish momentum. The upward movement is supported by a solid breakout, and we are now watching for the targets to be met.

The long trade on TSM looks promising, with a clear entry at 204.25. We are now monitoring the price as it approaches the first target at 215.12, expecting further upside momentum.