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TSM Long on Fundamentals and Technicals

Long
NYSE:TSM   Taiwan Semiconductor Manufacturing Company Ltd.
Strong and consistent revenue growth should drive earnings. With a P/E of 17.3, it is inexpensive compared to rest of market. Their customers, including major tech players such as A , NVDA , AMD , and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since starting its bull run in 2016. Now testing that again could provide a good entry point. Some ETF exposure to it: it is 10.16% of SMH , 3.8% of SOXX .

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