To The Moon

buffett bought some $Taiwan Semiconductor Manufacturing(TSM)$ according to 13F filling. he must have bought when the pnf hit the support zone around 61 to cause a massive rebound rally. 

on-going developments to watch

[Eye] us audit finished first round of china on-site audit on nov 3, we shall see if risk of delisting chinese stocks reduces. 

[Comfort] biden meets xi at g20, hot issue on taiwan, climate. 

[Cool] relaxing of covid control restrictions, one small step for china one big step for the market.

from the candlestick chart we can observe that tsmc has reached resistance zone at 74. yesterday us market pullback after big rally due to slightly lower cpi and china loosening covid control restrictions. 

in the next few days, tsmc will pullback and then continue santa rally to break up resistance zone. 

in the long term, fed increasing interest rates is not good for tech stocks. so there will be resistance at around 90. unless fed decides to pause or cut rates, interest rates will be an overhang for tsmc.

merci beaucoup @TigerStars  🥂✨ may you shine a path for us through this tumultuous sea

bon courage