TSMC has already started moving ahead of its earnings report, trading around 444. $TSM is up 0.65%. The market is clearly waiting for tonight’s third-quarter results. Trading volume in the contracts market is only $15.7 million—not much, which suggests the big money hasn’t come in yet and it’s mostly small positions taking an early bet.
My view is that if the earnings report confirms the AI demand story, there’s still room for the price to push higher from here. If the figures fall short of expectations, that 0.65% gain could quickly evaporate. Entering now is a bet on the earnings report, so don’t use too much leverage.
#TSM #News
My view is that if the earnings report confirms the AI demand story, there’s still room for the price to push higher from here. If the figures fall short of expectations, that 0.65% gain could quickly evaporate. Entering now is a bet on the earnings report, so don’t use too much leverage.
#TSM #News