Taiwan Semiconductor (TSM) has a near perfect Fibonacci retracement
Stock: Taiwan Semiconductor (TSM)
Long or Short: Long
Entry: $18.37
Stop-Loss: $17.87
Chart: Taiwan Semiconductor (TSM) Daily Swing Trade Setup
Reason for Trade: Not a typical trade setup, but I do like the near perfect retracement of the 38.2%. It is a high-beta stock, which is bull-flagging at the highs, and I am looking for a push into the $19’s ultimately.
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