TSM broke previous resistancebroke resistance of 104.82. I would like a retest before going higher. If banking earnings go well with good guidance, it could go to $107.42. If that breaks, $110.25 is next target.
TSM trade ideas
Smells like a bull trap.I am starting to build up a position against AI exposure. AI I think is close to a hard dump. There's a lot of technical confluence of short signals and a feel of AI mania in the air.
If this is a bull trap, the following drop typically will wipe off at least 75% from the bull trap high. 25 or so for the target. Probably a good buy somewhere just under 20 if this move happens.
TSM long: Target of atleast $1071. Broke through the resistance line from 2014 (2014, 2018, 2020 corrections happened from that line)!
2. Fell from 142 to current levels from a double top & H&S pattern (also filled that gap from Jul'20)
3. 74-82$ range is the accumulation zone, the stock will get squeezed between the upward sloping trend line & resistance at 83$
SL: Weekly close below $74
TSM - Rising Trend Channel [MID -TERM]🔹Breakout the ceiling of falling trend channel in the medium long term.
🔹Breakout resistance at 103 in inverse head and shoulders formation.
🔹Supports at 92 in negative reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
TSM wave 3 progressing.Taiwan Semiconductor Manufacturing or TSMC
2330
opened Advanced Backend Fab 6, a packaging and testing fabrication plant located in Zhunan Science Park, Miaoli, northern Taiwan, according to a Thursday press release.
The facility, which commenced construction in 2020, was built to mass-produce the company's SoIC (System on Integrated Chips) process technology.
The fab has a base area of 14.3 hectares, making it TSMC's largest advanced backend fab to date, the chipmaker said.
It is estimated to have an annual production capacity of over 1 million 12-inch wafer equivalent 3DFabric process technology and more than 10 million hours of testing services.
TSM, 11d+/-23.76%falling cycle -23.76% more than 11 days.
==================================================================================
This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Is it Taiwan Semiconductor Manufacturing Co's turn now? NVIDIA vs TSM
The Chart for NYSE:TSM is lining up almost identically to NVIDIA prior to its major move higher.
- MACD Crossing now
- OBV Breaking upwards
- RSI 56 level about to be breached
Like NASDAQ:NVDA , TSM could rise by 39% to its ATH & appears to be following the NASDAQ:NVDA set up.
NVIDIA is the 6th largest company in the world by market cap at present and Taiwan Semiconductor Manufacturing Co. is the 10th largest.
It will be interesting to see if the TSM chart will follow the pattern of NVIDIA's. This could be an opportunity for a trade. Please not that the below chart is a monthly chart and thus the trade would require waiting 3 - 6 months to play out. An ideal entry would have been $82 and at present this would place a stop at $90. With ATH at $145 this gives you a Risk Reward Ratio of 3:1 from the current value of $103. Not the greatest or worst RR but the set up just looks so similar its hard not to have a stab
TSM - Breakout Falling Trend Channel🔹TSM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
🔹TSM has broken an inverse head and shoulders formation.
🔹RSI above 70 shows that the stock has strong positive momentum in the short term.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Golden Cross Has Arrived - Taiwan Semiconductor TSMThis is a once in a lifetime opportunity to buy Taiwan Semiconductor stock who supply chips to NVIDIA and Apple. The stock TSM is undervalued and is ready for a massive breakout in the coming months.
TSMC LONG TARGET 115 Bullish FlagNvidia reported tremendus quarter and TSMC is one of its biggest supplier.
Bullish flag breakout with volume.
A close above 100 will be bullish also.
www.investopedia.com
www.investopedia.com
www.investopedia.com
"What Is a Breakout?
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction."
Happy trading!
TSMC WEEKLY UPDATES
The next to push on stock market. after NVIDIA nukes to 390$ pre-market today.
Now im expecting Taiwan semicon stocks to rocket soon. Banks and the FED making more liquidity. If someone tells they short the stocks. Always be cautious on it.
This idea base on my previous post last MAY 8, too much noise on taiwan as of now, the conflict over china and the US.
This is not a financial advice. Follow for more if you like stock market.
I post sometimes.
Hit the follow so that we can get 300 followers..
Sooner or later I will be posting daily updates to my followers here.
Watchlist 2023-05-19 $FTCH $TSM $MU $GOOS $GTESAMEX:SPY inched higher O/N after finishing the day with a strong rally out of the wedge. Congress appears to be reaching a deal on the debt ceiling over the weekend.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:FTCH - Farfetch's Q1 Loss Narrows as Sales Increase; Shares Jump Premarket But Wedbush Analysts Remain Unconvinced, price target lifts to $12 from $11. Gapping 4 ATRs in the PM on 1.35 RVOL, so I would expect some consolidation off the open. Doesn't have much for res above so that's why I'm keying in on this name despite the high ATR move, however, it could easily dump off the open and then we would throw this idea away unless we see some convincing buying at an important level like 5.0.
Chips: still super strong, looking for retests of the key range BO areas to get long.
NYSE:TSM - 91.80
NASDAQ:MU - 66.00
NYSE:GOOS - 2023 Revenue up 31.4% Provides Guidance for increased store growth - goose was a complete loser PD, selling only stop near the close where we saw a nice rally back to 18.33. However, if you look at what goose did pervious earnings was it sold off the entire day, in made almost a complete reversal. . Watching for signs of strength off the open if it can first get over 18.30 and hold.
Support 17.50
Resistance 18.30
Inflection 18.30
NYSE:GTES - 12 RVOL PD after a complete flush down the prior day from 13.5 to 111.70 but couldn't get past the 11.70 support. If we can close over the 12 inflection, few min off the open there is potential for a massive relief rally, especially since the vast majority of vol was done at 12, also shown by AVWAP and vol profile. Pay attention to this one if a squeeze is your style of trade.
Comment what you are watching!
TSM H4 Correction Complete, What Next?In this update we review the recent price action in #TSM and identify the next high probability trading opportunity and price objective to target
TSM Outlook: A Sickness in Chips?After taking a look at NVDA and the situation shaping in that chart, I decided to take a closer look at TSM (Taiwan Semiconductor Manufacturing)
as a comparison and hopefully get an idea if the bleak outlook of NVDA is more about NVDA in particular or chips in general. It doesn't look nearly
as bad but it does not move like NVDA does, which is basically a meme stock at this point. If the next few months play out the way they seem they
are going to, it'll basically be in the same position, parabolic trend line broken and steep decent back down to Earth. Can't help but wonder if this
chart is spelling out "China Invades Taiwan" like NVDA seems to. Obviously A lot of speculation but something is brewing and the charts don't lie.
TSMC Wait patiently for wave 3TSMC is the world's largest contract chipmaker, and it is well-positioned to benefit from the growing demand for semiconductors. The company has a strong track record of innovation and growth, and it is investing heavily in new technologies to stay ahead of the competition.
TSMC is also benefiting from the trend of chipmakers moving their production to Taiwan. The island nation has a number of advantages, including a skilled workforce, a stable political environment, and a close proximity to major markets.
As the demand for semiconductors continues to grow, TSMC is well-positioned to capture a significant share of the market. The company has a strong track record, a bright future, and a favorable investment thesis.
Here are some of the reasons why you should invest in TSMC stock:
TSMC is the world's largest contract chipmaker, and it has a strong track record of innovation and growth.
The demand for semiconductors is growing, and TSMC is well-positioned to benefit from this growth.
TSMC is investing heavily in new technologies to stay ahead of the competition.
TSMC is benefiting from the trend of chipmakers moving their production to Taiwan.
Taiwan is a stable and politically secure country, which is important for chipmakers.
TSMC has a strong management team with a proven track record.
TSMC is a profitable company with a strong balance sheet.
Overall, TSMC is a well-run company with a strong competitive position. The company is well-positioned to benefit from the growing demand for semiconductors, and it is investing heavily in new technologies to stay ahead of the competition. If you are looking for a stock to invest in the semiconductor industry, TSMC is a good option.
TSMC UPDATE
Almost 3 months since this posted, I re update this because of the tension on Taiwan.
Are we seeing bullish now, I heard a lot of noise on taiwan semicon industry are lossing on its value at taiwan because of more layoff job, more foreigner being deported because of the tension.
Trade base on your own decissions, This is not a financial advice.
Follow for more free ideas..
TSM on the path of Bullish Reversal* TSM has bounced back from the last bottom in Oct 22
* It has not made a series of HH and HLs
* Accorrding to the FIB Golden zone the confirmation of bullish reversal is at 102 to 104 Area
Plan A :
Entry Suggestion once the bullish reversal is confirmed
Entry @ 104
SL @ @ 92
TP 1 @ 111
TP2 @ 125
Plan B :
Entry can be made now since the current Trend line has been tested 2 times already successfully and seems it will bounce forward from here
Entry @ CMP (~84)
SL @ 78
TP 1 @ 104
$TSM with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:TSM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 54.55%.
Taiwan Semiconductor H4 Trading The Corrective CycleIn this update we review the recent price action in Taiwan Semiconductor and identify the next high probability trading opportunity and price objectives to target
Double Top Its a little messy because of all the movement but I still believe this is a double top. TSM is unable to break the HKEX:99 zone and my theory is that it will test its old support at the HKEX:82 range.
Taiwan Semicondutor CollapseWith recent events surrounding Taiwan and Warren Buffet selling his stake in NYSE:TSM , I expect things could get pretty rough for this ticker.
Major volume shelf holding it above $86. When HKEX:86 breaks HKEX:82 could trade rather quickly before continuing to HKEX:73 , absolute destruction under $73.
The main catalyst would be continued Chinese aggression against Taiwan.
Bullish trend line broken on TSM following Buffet newsThis is a potential put setup with a strike somewhere between 55-70$ that I am currently looking into. If the stock price drops below 85$ I will likely enter some puts on TSM. Between Senator Tuberville loading up with his military affiliations and Warren Buffet selling 86% of his TSM shares recently, I think a big move is coming.
