By Licia Leslie
August 21, 2024
Taiwan Semiconductor (Ticker: TSM) has had a nice rally and now looks ready to rollover:
Monday’s action created a hanging man candle with confirmation yesterday,
I will wait for the stock to trade below $170 before going short.
Once it does, I think it can trade down to $165 and then $160.75.
Trade Review
I called for Nvidia (Ticker: NVDA) to trade $130.70 and then $136.
Monday’s high was exactly $130 and yesterday was an inside day which could possibly be a signal for a change in the trend, we will see today.
Wait for it to trade over $131 before going long
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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