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TSM Cup with Handle Nears 439 Pivot as Stage 2 Uptrend Holds

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, Stage 2 (Advancing), as of September 12, 2026 at 22:14 - CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

TSM is trading at 433.24 within a Stage 2 advancing uptrend, holding above a rising 30-week moving average with 7 of 8 trend template checks passing. The market is focused on a 10-week Cup with Handle base showing a 21.5 percent cup depth and a tight 2.5 percent handle, with a pivot at 439.0 and a breakout yet to trigger. Sentiment reads Bullish, with the stock 9.3 percent off its 52-week high and 69.2 percent above its 52-week low.

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Technical Analysis

As of 2026-09-11 · Close $433.24

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 3.57%)

Detected Patterns — What the Market Is Watching

  • Cup with Handle — depth 21.5%, length 10 weeks, pivot $439.0. Base formed from 2026-06-30 (left-side high) to 2026-09-08, with the low of $374.67 set on 2026-07-29
  • Handle: formed from 2026-09-08 (high $439.0) to 2026-09-10 (low $428.03) — a 2.5% pullback
  • Price contractions present (11.8% → 4.8% → 3.1%) but 20-day volume is still 76.7% of the 50-day average — needs ≤60% to qualify as a confirmed VCP

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