Taiwan Semiconductor ADR may rise to 228.30 - 236.80

Our pivot point is at 185.4.

Our preference

The upside prevails as long as 185.4 is support.

Alternative scenario

The downside breakout of 185.4 would call for 171.9 and 163.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 187.8 and 177.1026).

Supports and resistances

245.2 **

236.8 *

228.3 **

220

200.86 (USD-last)

190.9

185.4 **

171.9 *

163.7 **

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