Taiwan Semiconductor ADR may rise to 200.60 - 209.60

Our pivot point is at 158.

Our preference

The upside prevails as long as 158 is support.

Alternative scenario

Below 158, expect 142.9 and 134.1.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 163.9015 and 171.0792).

Supports and resistances

218.8 **

209.6 *

200.6 **

191.4

171.44 (USD-last)

164

158 **

142.9 *

134.1 **

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