Taiwan Semiconductor Manufacturing Company within the “dynamic area” on chart
Taiwan Semiconductor Manufacturing Company Inc (symbol ‘TSM’) stock value has made some losses in the last month of the quarter but it is still on the positive side when it comes to overall quarterly gains. On Thursday, 12 January, the company will report its earnings. The consensus EPS for this quarter is $1,78, compared to $1,15 in the same quarter last.
‘The company is expanding rapidly with investments outside of Taiwan like a new chip plant in Japan, is currently reviewing expansion in Germany and also earlier this month they announced that they will triple the investment for the new Arizona plant to $40 Billion (one of the largest foreign investments in U.S. history).’ said Antreas Themistokleous, an analyst at Exness ‘The major clients of TSM is tech giants like Apple and Nvidia , establishing their status in the semiconductor industry’
Based on technical analysis, the price continues to decline on a slow rate for December. The current trading area is just below $75. Support was found at the 38.2% Fibonacci retracement and 50 day moving…