As of May 22, 2026, TSM (Taiwan Semiconductor Manufacturing Co. Ltd. ADR) is in a uptrend state on the daily chart, with a confidence level of 72%. Key support is at $381 and key resistance at $420. Price at ~$404.52 pulled back from the ~$420 area and is holding above the rising EMA20/EMA50; momentum is neutral-positive (RSI~55).
Base-and-break higher: a brief consolidation above ~$398–$400 (EMA20 area) then reclaim/clear $420, with trend continuation toward new highs (Elliott: likely late Wave 3 / early Wave 5 extension; Fibonacci: measured continuation above prior peak).
Deeper pullback (Wave 4-style): rejection near $420 leads to mean reversion into the confluence band around the rising EMA50/SMA50, then attempt to stabilize and resume trend.
2+ daily closes above $420 would confirm continuation (bullish breakout follow-through).
Daily close below $381 (EMA50) would invalidate the clean uptrend/raise odds of a deeper correction.
Start on pullback to EMA20/psych $400; add at EMA50/SMA50 confluence; heavy add near EMA100 where prior breakouts typically defend trend if macro/semis remain constructive.
Trim into new-high extensions above $420 as price stretches away from EMA50/100; increase trimming if RSI expands and candles become more vertical; close if a multi-year euphoric extension develops well above long MAs.
As of May 22, 2026, TSM (Taiwan Semiconductor Manufacturing Co. Ltd. ADR) is in a uptrend state on the daily chart with 72% confidence. Price at ~$404.52 pulled back from the ~$420 area and is holding above the rising EMA20/EMA50; momentum is neutral-positive (RSI~55).
On the daily timeframe, TSM has key support at $381 and key resistance at $420. The most likely scenario (bullish) targets $420 and $440, with a revert level at $398.
TSM (Taiwan Semiconductor Manufacturing Co. Ltd. ADR) is currently classified as uptrend on the daily chart, with 72% confidence. Confirmation requires: 2+ daily closes above $420 would confirm continuation (bullish breakout follow-through). This would be invalidated by: Daily close below $381 (EMA50) would invalidate the clean uptrend/raise odds of a deeper correction.
The most likely scenario (bullish) targets $420 and $440, with a revert level at $398. The alternative scenario (bearish) targets $381 and $359.
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