TTM Squeeze Alert: TSM Primed for Big Move at $302.84

Taiwan Semiconductor Manufacturing Co Ltd (TSM) closed up 1.36% at $302.84 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($294.93) with a bullish stack. The 21-day EMA at $293.57 provides support.
• Momentum: RSI at 60.9 is in neutral territory but trending higher. MACD is bullish (1.46 vs signal 0.61).
• Volatility: Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $278.89, Resistance at $309.40.