# TSM Intraday Execution Update

- Analysis As-Of: `2026-04-17T02:27:58.875826+09:00`
- Market Data As-Of: `2026-04-16T15:10:00-04:00`
- Execution As-Of: `2026-04-17T04:10:12.883203+09:00`
- Decision State: **WAIT**
- Decision Now: **NONE**
- Decision If Triggered: **NONE**
- Staleness: `12s`
- Data Health: `OK`

## Explanation

- TSM remains `BULLISH` with `setup_quality` `DEVELOPING`, `entry_action_base` `WAIT`, and `confidence` 0.74; the thesis stays constructive on AI demand, strong Q1 2026 results, and price action above the 50-day and 200-day averages.
- The latest execution update is still `WAITING`: `last_price` 362.5799865722656 is below `session_vwap` 365.9792499938658, while `relative_volume` is 1.9076692702546532 and `volume_state` is `CONFIRMED`.
- No trigger fired (`breakout_hit_intraday` false, `close_confirmation_pending` false, `pullback_zone_active` false, `invalidated` false); the watch conditions remain a close above 382.16 or support confirmation near 362, with risk below 352 and the 345-348 April breakout zone.