Taiwan Semiconductor ADR is neutral

Our pivot point stands at 182.5.

Our preference

Short term technical rebound towards 182.5 before a new drop.

Alternative scenario

The upside breakout of 182.5 would call for 197.9 and 206.9.

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 its 20 day moving average (165.93) but under its 50 day moving average (170.9438).

Supports and resistances

206.9 **

197.9 *

182.5 **

176.6

170.55 (USD-last)

147.4

138.6 **

129.9 *

121.1 **

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