This Is What Whales Are Betting On Taiwan Semiconductor
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Taiwan Semiconductor (NYSE:TSM), with 75% of detected trades having bearish expectations. Whales have been targeting a price range of $40 to $100 for TSM over the last 3 months. The stock is currently down 0.73% at $91.97, and RSI indicators suggest it may be approaching overbought.
May 19, 2023 | 3:45 pm
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NEGATIVE IMPACT
Whale investor's bearish stance on Taiwan Semiconductor (NYSE:TSM) may impact the stock price in the short term. The stock is currently down 0.73% at $91.97.
The whale investor's bearish stance on Taiwan Semiconductor, with 75% of detected trades having bearish expectations, may lead to a short-term negative impact on the stock price. Additionally, RSI indicators suggest the stock may be approaching overbought, which could further contribute to a potential decline in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100