Taiwan Semiconductor Manufacturing Company Limited(TSM) is in an uptrend but could lose its momentum

(1-Apr-2008) (1-Apr-2008) Taiwan Semiconductor Manufacturing Company Limited(TSM) closed at 10.27, up 0.1 or 0.98 % for the day. Based on our analysis, Taiwan Semiconductor Manufacturing Company Limited(TSM) is in an uptrend but could lose its momentum.

The closing price of Taiwan Semiconductor Manufacturing Company Limited(TSM) is above its 50 day moving average of 9.69 (Designated by blue line). This indicates that the trend is up. 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. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 28-Mar-2008, about 3 trading days ago.