Chart of the Day - Friday, September 13th, 2019
September 13, 2019
Today’s Chart of the Day was shared on Twitter by David Zarling (@AdaptivCharts). It's a weekly candlestick chart of Taiwan Semiconductor $TSM. In a report today, we highlighted the ongoing breakout in Semiconductor stocks. $TSM is the largest component in the popular Semiconductor ETF, $SMH. As you can see, $TSM is testing that key $45 level that has acted as resistance several times. In addition, the stock has formed an extensive base over the past year. Remember: "The bigger the base, the higher in space!"