Taiwan Semiconductor Manufacturing Company Limited(TSM) is in an downtrend

(25-Jan-2008) (25-Jan-2008) Taiwan Semiconductor Manufacturing Company Limited(TSM) closed at 8.7, up 0.01 or 0.12 % for the day. Based on our analysis, Taiwan Semiconductor Manufacturing Company Limited(TSM) is in an downtrend.

The closing price of Taiwan Semiconductor Manufacturing Company Limited(TSM) is below its 50 day moving average of 9.45 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Taiwan Semiconductor Manufacturing Company Limited(TSM) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 3-Jan-2008, about 17 trading days ago.