TSM Trade Idea (long)

A subscriber mentioned TSM, I don't know much about the company's technical capabilities, but as the subscriber mentioned, it's possible they may take up some of the slack from Japan.

 At first glance the chart is ugly, but recent events may cause a turn around.

 In approximately the same timeframe as the Japan crisis, TSM has sen a strong 10 min positive divergence

 The 5 min chart today just went into a leading positive divergence, this runs counter to most of the market averages-at least 3 of 4 so there's some 3C relative strength today.

Unfortunately 2.5 days is as far as I can go back for 1 min. historical data, but there's been a positive divergence the entire time and I suspect before the 2.5 day chart above as well.

I think the highest probability trade is a long order at $11.92 with a stop at 11.30.

This may become a very interesting trade.