Taiwan Semiconductor ADR may rise to 204.10 - 211.70

167.8 is our pivot point.

Our preference

The upside prevails as long as 167.8 is support.

Alternative scenario

Below 167.8, expect 155.2 and 147.7.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 173.972 and 168.5292).

Supports and resistances

219.3 **

211.7 *

204.1 **

196.5

181.16 (USD-last)

172.6

167.8 **

155.2 *

147.7 **

Number of asterisks represents the strength of support and resistance levels.