Taiwan Semiconductor ADR may rise to 200.90 - 210.40

Our pivot point is at 154.2.

Our preference

Our next up target stands at 200.9.

Alternative scenario

The downside breakout of 154.2 would call for 138.9 and 129.7.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 162.422 and 169.6304).

Supports and resistances

219.9 **

210.4 *

200.9 **

191.4

172.34 (USD-last)

160.4

154.2 **

138.9 *

129.7 **

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