Taiwan Semiconductor ADR may rise to 195.00 - 201.00

Our pivot point stands at 165.

Our preference

As long as 165 is support look for 195.

Alternative scenario

Below 165, expect 155 and 149.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 168.215 and 154.1696).

Supports and resistances

207.2 **

201 *

195 **

189

173.81 (USD-last)

168.8

165 **

155 *

149.1 **

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