TSM Forms Cup Base in Stage 2 Uptrend, Pivot at $477.57

Posted on by Eben@CANSLIM Research
TSM daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

Taiwan 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.

As of 2026-08-14 · Close $426.35

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 4.34%)

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