Eben@CANSLIM ResearchTaiwan Semiconductor (TSM) is consolidating in a 7-week Cup Base after a strong advance, with the stock holding above its rising 30-week moving average. The market is focused on the base’s 21.5% depth and the $477.57 pivot, which offers a potential breakout trigger. Overall sentiment is bullish, as the trend template passes 7 of 8 checks and the stock remains 89.6% above its 52-week low, though the relative strength line has not yet reached a 3-month high.
Technical Analysis
As of 2026-08-14 · Close $426.35
Stage Analysis
Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 4.34%)
Detected Patterns — What the Market Is Watching
- Cup Base — depth 21.5%, length 7 weeks, pivot $477.57. Base formed from 2026-06-30 (left-side high) to 2026-08-14, with the low of $374.67 set on 2026-07-29
Subscribe to continue reading
Become a paid subscriber to get access to the rest of this post and other exclusive content.
