$Taiwan Semiconductor Manufacturing(TSM)$ is sitting near a potential breakout level. Price is around $485.91, with volume running average or below. The main catalyst here is still strong AI chip demand, which keeps optimism alive heading into the next earnings report. Resistance is at $500.00 and support at $470.00. A decisive push above $500 on rising volume could open the door to fresh all-time highs. On the other hand, if it gets rejected at resistance on light volume, that may signal exhaustion and drag price back toward support. The key thing I'm watching is whether volume expands on any breakout attempt, since that would confirm there's real conviction behind the move. Not financial advice, just my own read on the setup.
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