TSM
TSM, Will make a new ATH !TSM 's trend is clearly up . It more than likely has completed waves 1,2,3,4 of a wave cycle and now is completing it's final leg.
TSM' s Tripe three complex correction has ended on 6 Oct 2021 at 107.58 USD. Currently it has completed wave 1 and 2 of last mentioned final leg up and is in wave 3 the final wave .
Our targets are :
1. 149 to 151
2. 161 to 163
3. 174 to 176
I give more chance to 161-163 for now however we have upcoming Earning Report which predicted by analyst to be a strong one and may push the price much much higher!
Normally I expect a correction after hitting our target, retrace back to around 110 and another move up to new ATH.
Our buy point is taking out 135.5 high.
Good luck everyone!
TSM: Buying DipsTaiwan Semiconductor Manufacturing Company - Short Term - We look to Buy at 117.00 (stop at 114.00)
We look to buy dips. Trend line support is located at 116.00. The trend of higher lows is located at 114.00. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 127.00. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will be 126.00 and 134.00
Resistance: 125.00 / 127.00 / 130.00
Support: 116.00 / 114.00 / 110.00
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1/9/22 TSMTaiwan Semiconductor Manufacturing Company ( NYSE:TSM )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 593.364B
Current Price: $123.50
Breakout price: $128.00
Buy Zone (Top/Bottom Range): $125.00-$120.25
Price Target: $134.50-$136.00 (1st), $142.00-$144.00 (2nd)
Estimated Duration to Target: 66-70d (1st), 118-122d (2nd)
Contract of Interest: $TSM 3/18/22 130c, $TSM 5/20/22 140c
Trade price as of publish date: $5.30/contract, $4.90/contract
TSM broke out but retracted belowTSM the largest chip producer just broke out from their resistance point and retracted below this point during Friday's session. Due to the shortages of 2021 those stocks are poised in my opinion for a great 2022, another point is that its not a US company and will not be affected as much as the US based companies with all of the inflation and FED announcement that are going to take place this year. I have opened a small long position as I believe the stock will push to the upside next week but I would like to know if there is something I am missing. (no financial advise just looking for feedback)
$TSM Finally breaking out - watch for confirmTSM has finally broken out of the channel. Let's see if we get continuation tomorrow. This one has been range bound for almost a year, leads me to believe there may be more juice this week for a climb higher.
High risk/reward idea is to trade a weekly 130C here with almost 20K contracts being traded today.
TSKTSM MA 50 is above MA 200
it means stock price is in a long term uptrend
also price is above 21 MA and 8 MA, which means is in short period is uptrend too.
the earning call is coming
based on chip shprtage around the world this company is the biggest chipmaker which make qualcom, amd and apple chips in its factory so i can guess the earning well ne incredible.
Resistance is 124 but all MA can push the price higher and break that level after 1 year, good earning can fuel the price to its previous all time high around 142 and %10 above to keep the stock price higher than previous ATH and moving forward.
#TSM making successive higher lows.. #bullishChart looking good, 3 successive higher lows and now back above the 200dma. Needs a close > $125 to break out the channel we have been stuck in for the most part of 2021. Demand for chips and related products manufactured by TSM should continue to stay elevated
TSM - STOCKS - 17. NOV. 2021Welcome to our Weekly V2-Trade Setup ( TSM ) !
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4 HOUR
Sideways market structure..
DAILY
Looking for a breakout.
WEEKLY
Overall bullish waving market structure..
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STOCK SETUP
BUY TSM
ENTRY LEVEL @ 118.40
SL @ 114-76
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Long | TSM | Intraday play 11/05/2021NYSE:TSM
Possible Scenario: LONG
Evidence: Price Action , Dark pool activity, Options flow.
Entry point: current price, it can drop more but not important.
TP: 120$
Call options, Strike 32.5$, 12/03/2021, this is the cheapest call options with 40% discount on premium, when it hit TP you should be in 100% profit. GL
*This is my idea and could be wrong 100%
TSM longEntry price: 107-109$
Target price: 123-126$
Keltner Channels: The price is oscillating close to the lower boundary.
RSI: Approaching 30 level, thus asset is close to being oversold.
Conclusions: The price just bounced the strong support level. Moreover, among Keltner Channels and RSI the price increase will occur soon. Therefore the long position is recommended after the price will reach the support zone again.
No financial advice.
$TSM Trade the ChannelTSMC is a nice Iron Condor Setup looking back :)
I like credit spreads here or can try naked calls to ride the channel up . Earnings upcoming so a better idea may be to sell puts and capture the IV crush after.
Regardless, TSM has been in the 107-125 range since March and you can trade it as such until we see a bigger box breakout either up or down.
I took the 11/19 110/105P for 1.88 avg
#TSM mid term AnalysisAs we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of the world chips manufacturer market.
since the July spike the price of #TSM has been trading at a side chanel from 108 usd to 125 usd, in case of a breaking of the 125 resistance at the edge of the accumulation channel, we can expect the price to travel smoothly to a) level target and so on, but in case of breaking the 108 support level we may see bears will take control to the oranges mark supports.
As expected due the economic enviroment right now, lets expect a lot of volatility but thats ok, dont forget you are sitting on a value stock, the stop loss is stretched due volatility.
$TSM watch for break of channelTSM on the weekly has recently formed a triple bottom, trading the channel. MACD looks ready to cross and a close above AVWAP, watch for a breakout here.
10/15 $125c or 130/125 debit spreads as an idea to play the breakout.
Rejection of top of channels invalidates trade.