TSMC looks like its found a bottomTaiwan Semiconductor Manufacturing Company is a stock that i would want in my portfolio for the next 5 years.
The semiconductor industry looks like a really exciting growth theme with TSMC as one of the leaders in the industry. The stock has done really well over the last year, so the question becomes, the entry point at which one can buy and hold for the next 5 years.
The trading signals suggest that the stock is oversold. The DeMarker signal is extremely bullish, supported by the Stochastic Momentum Index.
Hopefully we will see a bounce over the next week or so, although it should happen within the next few days.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
