If you think market will be saved by 1.9 Trillion stimulus..!Today many newbies are happy because US Senate just passed the 1.9 trillion bill.
But let's see what happened in the last 8 weeks in the market.(MARKET CAP CHART)
The top ten companies with the highest market cap have lost almost 1.45 trillion of their market cap in the last 8 weeks.
Hypothetically, IF PEOPLE INVEST THE WHOLE 1.9 TRILLION IN THE STOCK MARKET IT IS NOT ENOUGH FOR TOCKS TO REACH TO ALL TIMES HIGHS.
Only Google and Berkshire behaved differently in the last 8weeks and they did not lose their market cap!
Please be realistic..!
PLEASE REVIEW MY PREVIOUS ANALYSIS ON MARKET CORRECTION SINCE JANUARY 29, 2021
Moshkelgosha
TSM
TSM (NASDAQ) - We expected to go up for HnSGreetings
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Strategy
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Analysis
TSM (NASDAQ) - We expected to go up for HnS
America Targets Forced Labor--Gives Economic AdvantageThat's probably the only reason why they care too, lol...It creates an unfair economic advantage--and that's it!
(Newsquawk) "Furthermore, it was reported that the US administration will engage with allies to combat forced labour including in China and will examine how the Treasury, Commerce Department and USTR can work together to deter currency intervention for trade advantage and is to pursue all available tools to address China's unfair trade practices from excess capacity to coercive technology transfers."
See, we've just displayed a clear economic incentive to stop forced labor. More proof capitalism is the answer to all the world's problems.
Just kidding lol ;)
TSM analysis : potential reversal of trend-W1 price in the top of the Pitchfork channel
-H4 Divergence between the price and RSI
-H4 RSI's neutrality zone breakout
Sell it if the price breaks the 121.00 usd support after the pullback at the red zone.
You can also sell it when the RSI goes back to the neutrality zone.
I put a Stop Loss, but you can adjust as you prefer.
The targets are the next supports.
Look at the weekly chart :
TSM possible scenarios...patience will be crucial with TSM...
1.) Scenario that we can looking for setup is "ABCD" pattern where right now we are in (C) point and that is good setup for buy ... but ...
2.) But as we can see with pink color, if price come down on point (A) we will looking, will the price do a "head and shoulder" and than that will be good setup at price by approx. $105.22
3.) And with yellow color we can see If the price come at point (A) and just bounce back in "ascending triangle" and make ATH we will looking for resistance brake and setups for buy.
Thank you for reading, and this is not purchase recommendation... Push like button or comment if you like this analysis or if you have some your view. :)
NYSE:TSM
TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others.
It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
TSM Long from Q2 2021. TP 120Monthly
Strong uptrend.
I think for now its too much overheated.
Correction is needed.
Weekly
Wave 5th is finished.
No reasons to open long Now.
Better from end of correction. I think from Q2 2021 - will be good entry.
Daily
I expect Double TOP - people will try to get 100, but failed again.
Also weak Earning in Q1 2021 = decline. ABC correction.
Open LONG in Feb- March. from 82
SL 75
TP 120
RR 6
TSMC Breakout: Powering the AI MegatrendAfter consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum.
TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm, etc - and arguably underpins much of the world’s tech boom and AI megatrend.
Part of the fuel for the breakout came from Apple’s new iPad Air announcement yesterday, utilizing their latest A14 Bionic, the first consumer chipset to run on TSMC’s most advanced mass production 5nm process.
This is one stock you’ll want to own for the long haul.
TSM Analysis Expect a bullish breakout
Daily
Bull Flag
Bullish Separating Lines
Increasing volume
Bullish Momentum Reversal
MACD/RSI Curling up
Breakout Level: 83.33
4hr
Bullish Rectangle
Consolidation with Wide Price Swings
Bullish Engulfing Outside Bar (with Volume)
Bullish Hidden Divergence (CCI)
Bullish close above 81.75
Strength in Trend
1hr
Inverse H&S (Complex Bottoms)
Bullish Hidden Divergence (MACD,Stoch,Diosc,VWMacd)
3 White Soldiers (with rising volume)
Strong Bullish Momentum
Bullish Rectangle with Consolidation since 07/28
TSM: Cup with handle longBeautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI. (lower RSI with higher bottom in price). This gives a target of a possible target of 84.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.