TSMC (TSM) found resistance at the orange trendline but is still firmly above MA20, MA50, and MA200, where the shorter MAs are above the longer ones. These are favorable for TSM to break out of the trading range. But if it drops below MA200, it may go to the range bottom of the light blue line at $107. So, watch those MAs closely.
Also, 16 mega-cap stocks are above MA20, MA50, and MA200, including AAPL and TSLA. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma20=Close…
