Shares of Taiwan Semiconductor (TSM) are surging higher Thursday on earnings' news, but readers of Real Money should not be surprised as we told subscribers on Jan. 4 to "go long TSM at current levels and on any available weakness. Risk to $118 for now. The $157 area is our first target, with the round number of $200 as our secondary objective."
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We soon will see how much bullish support there really is.
Sentiment anecdotally shifted on Wednesday. Let's take a look.