$Taiwan Semiconductor Manufacturing(TSM)$ TSM Disappointing quarter with sequential declines in revenue and EPS. Consistent with the awful quarter MRVL had pointing to weakness in non-AI business.
Lost the 50 day of 136.54. Stock found support at the last ER gap open Anchored VWAP of $132.33, however barely hanging on. This is the volume weighted price paid for all shares since the Jan ER. Lose this and we will test the YTD AVWAP of $129.61.
The Head and Sholders is looking real and potential for lower prices. it is simply not worth the risk.
Sold this 2 weeks ago
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