We have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP. Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up. $TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above. So far, this stock has not...
Is the world leading chip maker TSMC about to start a new growth cycle? Fundamental indicators: Revenue and Profits - exponential growth Profit margin - is at circa 37%, impressive figure considering the growth levels P/E - reasonable at 23x Liabilities - no problems there Risks: Recession - is not likely to have a big impact on TSMC ...
Stan Weinstein 4 stages. on $TSM - Stage 1 - Accumulation - Stage 2 - Uptrend - Stage 3 = Distribution - Stage 4 - Downtrend - I am waiting !
TSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a...
Taiwan 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...
$TSM nice reversal bouncing back from $107 support and took conformation after breaking $112 next step to break $125. wish it is on a trend now target $125 $127 big level will be $136 before going to $136 sure it need strong support to fill the huge gap.
The deal worth USD 7 bn establishes joint venture company Japan Advanced Semiconductor Manufacturing. TSMC's board of directors officially approved plans to build a chip factory in Kumamoto Prefecture, its first-ever Japanese plant. Sony is set to invest USD 500 million and will hold no more than a 20% stake in the joint company, according to a statement...
TSM been bullish off earnings and consolidating all year in the 107-125 range. Larger POC @ ~117.8. Ideal buy zone $112.75-114.25. $122.5 next target. OBVM trends starting to bottom here. I started a small position at 115, looking for support here.
TSMC 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...
Green zone is my buying zone - hold of cash and be ready to go in. get lucky ;)
As 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...
TSM have been consolidating in the rectangle since March with several attempts to break the $125 resistance. But with US market looks very likely for correction will TSM finally be able to break the $125 resistance? Let's find out soon
TSM 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.
Taiwan Semiconductor Manufacturing Company is a stock that i would want in my portfolio for the next 5 years. The semiconductor industry looks like a really exciting growth theme with TSMC as one of the leaders in the industry. The stock has done really well over the last year, so the question becomes, the entry point at which one can buy and hold for the next 5...
After 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,...
Unpopular opinion : Intel only go up. You are not going to short at a mega-monthly support ,are you ? This is where those bald-headed suits ,hedge funds managers ,and bankers steal your money. Don't believe what their low IQ analysts says in their un-watchable media . Intel is here and will remain here for a while .