Taiwan Semiconductor stock maintains a structurally bullish daily posture, but short-term momentum is wavering. TSM closed at $432.35 on June 26, above key moving averages. Strong fundamentals support the bull case, yet the hourly chart signals an active pullback in progress.
TSM — daily chart with candlesticks, EMA20/EMA50 and volume.
Key takeaways
TSM closed at $432.35 on June 26, holding above the 20-day, 50-day, and 200-day EMAs in a firmly bullish daily structure.
The hourly chart reflects an active pullback, with price below both the 1H EMA20 and EMA50 and RSI at 43.2.
Bank of America raised its price target to $590, implying roughly 36% upside from current levels.
The daily MACD histogram has turned negative, signalling momentum deceleration rather than a trend reversal.
Key support sits in the $422–$429 zone; a break below the daily EMA20 at $432.04 would flip near-term structure neutral.
Taiwan Semiconductor Stock Daily Structure: Trend Firmly Bullish
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