Technically, the stock is in a strong uptrend. Both daily and weekly charts show bullish signals, with minor pullbacks that may offer buying opportunities.
For now, this seems to be an “unstoppable” bull market, and investor spirits have become substantially more bullish. However, all rallies eventually end.
In 2007, TSMC founder Morris Chang predicted that Intel and Samsung couldn't succeed in the foundry business due to fundamental cultural differences—and nearly two decades later, his foresight is proving accurate as TSMC maintains dominance while its rivals struggle to catch up.
The “vigilantes” have gained focus, along with expanding power. While on the subject of crises of confidence, the dollar index dropped 2% this week, the largest weekly decline since the tumultuous week ended April 11th.
