TSM - Elliottwave analysis - 5th wave extensionTSM - It seems extending 5th wave of impulse cycle. So stay bullish in three wave pull back each time whenever the correction will be choppy sideway. The up move seems like in 3rd wave, where subwave 1 is about to finish. Thereafter 2nd subwave correction will be proceed, which may go deeper down. so buy near 87-85 zone with stop level below 83.10 for target of new high above 96 to 100 level. This is one of the most outperformer stock to NDX or SPX.
Give thumbs up if you really like the trade idea.
TSMC trade ideas
TSM Uptrend rising wedge - potential bearish reversalUptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing.
Investment strategy would be consider shorting in the near future, but definitely a bullish outlook in the long term
TSM - Ranging and due for a move to the up or downsideLooking at recent chart action, this seems to consolidate for around 30 to 60 days (roughly) and then pop mostly to the upside.
So I would be closely monitoring this for a confident break from this range and would be a buyer for the long-term.
Really quite a beautiful chart and if you timed a good entry, this would be a nice addition to the portfolio.
IF it breaks to downside, simply buy on a decent support level.
$TSM Second Chance?Looks like $TSM had a false breakout and has pulled back into this wedging pattern. I'm looking for it to break back above and at least retest the old highs... All TBD. I may even do an early entry if we get a drop and reverse today. Otherwise, I'll wait until it breaks back above the trend line. Ideas, not investing / trading advice.
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.