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$TSMBear claim
Steve MillerSteve MillerANALYSTJul 19, 2026
The claim

“TSM has lost its low and entered a bearish translation, with expected weak bounces and further downside.”

Why he says it — point by point

FAVORABLE & AGAINST · BOTH KEPT

Why

we have lost that low and are selling off

This is a bearish translation

The structured call

Direction
Bearish
Catalyst
—
Target
—

The receipt

YouTube · 14:1014:10

“TSM has lost its low and entered a bearish translation, with expected weak bounces and further downside.”

From "Is the Semiconductor Top In? Cycle Analysis in Semiconductors and KOSPI"
Open the source at 14:10 →

Publish-day price $$404.52 · the claim is anchored to the moment it was said.

Steve Miller on $TSM, over time

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How this voice has moved on the ticker. We flag contradictions — as behavior, never a score.

This is the only tracked claim from this analyst on the ticker so far.

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This is a record of what one analyst said on one thesis, with the clip — not a recommendation, not a verdict, not a score. The opposing case is linked above.