Reported about 1 year ago
On July 6, 2024, TSMC stock (2330) reached over 1,000 NT dollars, leading to a weekly gain in Taiwan's stock market with the KD indicator in an uptrend. Market analysts predict that with bullish sentiment, the stock market might reach its short-term peak around 23,825 to 24,000 points due to factors such as short-selling and government stimulus. While cautioning about profit-taking pressures, experts suggest monitoring upcoming events like June revenue reports, Fed Chairman Powell's testimony, and US inflation data, predicting further upside but advising disciplined profit-taking strategies amid high valuations.
Source: YAHOO