Score 7.7 (out of 10): Taiwan Semiconductor shares are making….

63

… a new long term high. Let’s see what this means.

Insight:

TAIWAN SEMI ADR has reached a new medium term high. During similar occasions, TAIWAN SEMI ADR shares rose +3.7%, on average, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for TAIWAN SEMI ADR received a high score of 7.6 (out of 10).

Story:

Revenue at TSM jumped +22.8% Year over Year in June as the company benefits from a global shortage of semiconductors.

Details:

NameTaiwan Semi
ViewUp
Star (1 to 10)7.6
Target+3.7%
Time1 month
Hit Rate90%

Chart 7: Taiwan Semi Shares 1 month after the ‘insight’

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