$Taiwan Semiconductor Manufacturing(TSM)$ Taiwan Semi is now over its 50 DMA and holding support around $91.20. I believe we see a larger move higher for this semiconductor stock which has outperformed the market since late November.

I notice recent changes to analyst estimates for TSMC. Recent revisions tend to reflect the latest near-term business trends. As a result, i can interpret positive estimate revisions as a good sign for the company's business outlook.

My research shows that these estimate changes are directly correlated with near-term stock prices. And for long-term investors, valuation pullbacks occurring despite great business performance present a worthwhile buying opportunity. 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Liuliusg
    ·2023-04-03
    ok
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  • Furore
    ·2023-04-01
    ooo
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  • Cvt
    ·2023-04-01
    Ok
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  • StockRookie
    ·2023-04-01
    [Cool][Cool][Cool]
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  • Cchan
    ·2023-04-01
    G
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  • Jingsheng
    ·2023-04-01
    n
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  • Jingsheng
    ·2023-04-01
    n
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  • Surewin88
    ·2023-04-01
    ok
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  • DMC8
    ·2023-04-01
    Tks
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