TSM Showing Solid Support At The 20 Day Moving Average
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TSM with support off the 20 day but can it hold?
You can start a position here if you like low risk/high reward trades. A stop at the low of the day is <1% risk.
If I was taking this trade I'd wait for it to take out the high of the day and I'd open a 1/4 full size position. Or better yet I'd wait to see if it holds support today and then buy on a follow through tomorrow.
Current market conditions are gloomy so I'm not taking this entry. Let's see what happens tomorrow.