Update: TSM

November 29, 2022

By Scott Redler

I just wanted to pop in for a quick update on Taiwan Semi (TSM).

Apple (AAPL) has been seeing a lot of negative headlines out of China, and there are lots of reports of disruption to iPhone production.

AAPL is a TSM customer so this could be concerning.

However, TSM held above yesterday's low and it's now up about 1%.

This is healthy action.

And now I want to see it stay above $79.16 (today's low).

Overall, the action is lethargic and choppy into Powell tomorrow.

So let's keep taking things one day at a time, as best we can.

Stay tuned for more updates.


Scott Redler Positions Disclosure as of 2022-11-29 at 10.52.04 AM