Long Position on TSM @ $24.25 on 5/6/2015 (Momentum)

Taiwan Semiconductor Manufacturing Company Limited (TSM) engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices.

The company is also involved in researching, developing, designing, manufacturing, and selling renewable energy and saving related technologies and products; and solid state lighting devices and related applications products and systems, as well as manufactures masks.

In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as manufactures and sells electronic parts and solar related products. 

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock. 

52-Weeks Trading Range: $19.39 - $25.77

Entry Point: $24.25

Stop Loss: $23.00

Target Price: $26.46

Updates

6/5/2015 9:45:03 AM

TSM fell below our stop loss. Closed at $22.98

Position closed on 6/5/2015 at price of $22.98 with a -5.24% loss in 30 days.

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