Taiwan Semiconductor ADR may rise to 202.80 - 209.40

Our pivot point stands at 165.3.

Our preference

The upside prevails as long as 165.3 is support.

Alternative scenario

Below 165.3, expect 154.9 and 148.7.

Comment

The RSI is above its neutrality area at 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 163.6185 and 150.6302).

Supports and resistances

215.8 **

209.4 *

202.8 **

196.2

175.38 (USD-last)

169.3

165.3 **

154.9 *

148.7 **

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