Price prediction tomorrow

TSMC's stock price is expected to show a positive trend tomorrow. Here's the analysis supporting this prediction:

1. Recent Performance: TSMC's stock has shown a positive performance recently. From October 7 to October 11, the stock experienced a 5.33% increase. This indicates a short-term upward momentum that could continue.

2. Technical Indicators: The stock's 5-day moving average is $186.86, and the 10-day moving average is $181.65. The fact that the 5-day average is above the 10-day average suggests a bullish trend in the immediate term.

3. Fund Flow: There was a net fund flow of $32.08 million into the stock, which is a strong indicator of investor confidence and can often precede a price increase.

4. Analyst Sentiments: Analysts have a positive outlook on TSMC, with a consensus rating of "Buy" and an average price target of $204.71, which is a significant premium over the current price, suggesting potential for growth.
5. Strategic Developments: TSMC's strategic expansions and partnerships, such as the addition of two new fabs in Kaohsiung, position the company for continued growth and are likely to be viewed positively by the market.

In summary, the combination of recent positive performance, favorable technical indicators, strong fund flow, optimistic analyst sentiments, and strategic developments suggest that TSMC's stock price is poised for a positive movement tomorrow.