Taiwan Semiconductor Manufacturing Co. Ltd.(TSM) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Taiwan Semiconductor Manufacturing Co. Ltd.(TSM) closed at 11.58, up 0.25 or 2.21 % for the day. Based on our analysis, Taiwan Semiconductor Manufacturing Co. Ltd.(TSM) is in an uptrend but could lose its momentum.

The closing price of Taiwan Semiconductor Manufacturing Co. Ltd.(TSM) is above its 50 day moving average of 10.95 (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 Co. Ltd.(TSM) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 20-May-2008, about 12 trading days ago.