- Key Insights: Despite vulnerabilities in the semiconductor market, TSMC's
established position and technology leadership position it favorably for
recovery. The positive momentum in broader market indices bodes well for
TSM, especially if inflation and bond yields stabilize. Watch for the
stock's ability to sustain above key support levels to maintain bullish
sentiment.
- Price Targets: Next week targets are as follows: T1 at 216.00, T2 at 225.00.
For stop levels, S1 should be at 202.00 and S2 at 199.00.
- Recent Performance: TSM has shown resilience in a recovering market, with a
current price at 209.32. The recent upswing in market conditions suggests
potential for TSM to fill previous price gaps, supported by improving
sentiment around technology stocks.
- Expert Analysis: Analysts generally express cautious optimism regarding TSM's
prospects. The potential for gains is underpinned by a recovery in consumer
demand and effective management of supply chain challenges. The favorable
outlook for AI and IoT adds to the bullish sentiment, pointing to a solid
infrastructure that can leverage emerging trends.
- News Impact: Geopolitical tensions and supply chain constraints have prompted
discussions about vulnerabilities in semiconductor manufacturing. However,
positive consumer electronics growth and strategic partnerships in AI are
likely to bolster demand for TSM's products, indicating a promising
landscape for the company moving forward.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.