20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Taiwan Semiconductor Manufacturing Company Ltd.(NYSE:TSM) said November revenues slumped 15.3% from October to NT$206.03 billion (~$6.6 billion).
Revenue slumped 7.5% Y/Y.
Revenue for January through November 2023 fell 4.1% compared to the same period in 2022.
The sluggishness shows that there's still a way to go before the global chip market stages a full recovery from a prolonged slump, Bloomberg reported.
In October, the main semiconductor supplier for NVIDIA Corporation (NASDAQ:NVDA) and Apple Inc. (NASDAQ:AAPL) forecasted its sales for this quarter of $18.8 billion-$19.6 billion.
On the third-quarter earnings call, CEO C. C. Wei expressed anticipation for the chip market to reach its lowest point "very soon," the report read.
However, Wei refrained from forecasting a robust recovery, citing uncertainties related to China's struggling economy and increasing trade sanctions from the US, per the Bloomberg note.
Price Action: TSM shares are trading higher by 0.34% to $99.63 on the last check Friday.
Photo Via Company
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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