$TSM DOUBLE TOP ACTION-We rejected off resistance off $182.47 now we are looking to go lower
-This will run w the rest of the market
TSMD trade ideas
$TSM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TSM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
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$TSM OPTIONS :)-Keeping it very simple playing based off those 2 supply and demand zones
-If we go calls there's not too much room to run
-I'm more on the puts side of this as we notice the bearish pressure on the Daily chart
- WE ALSO HAVE A GAP TO FILL BELOW $136.28
$TSM | WEEKLY WATCHLIST 1/18$TSM 1D
Above $145, we can see continuation to $149-150 to complete wave 3.
TSMC, the cup is formed. Shall we wait for the handle?The OG chipmaker raking in record profits and beating expectations!
Upon the positive result announcement, the price gap up but closed with a slightly disappointing shooting star. Yet, Friday's (14 Jan 22) closing tells us that buyers are still willing to pay a higher price for TSM and the price manages to close at all-time high.
Price technically close above the previous resistance level, but it is not convincing enough. We shall have to prepare for a potential retracement AKA "the Handle" of the recently formed "Cup".
There are two possible ways to play this.
1) The Dollar Cost Average way.
You will use the previous support level, 145, as a focal point. That is to say, your stop loss and risk management will be based on that level. This is because, if the price manages to break below previous support despite good earnings, then there is very little reason to be holding on to this. From a supply/demand perspective, there are overwhelming supplies for the price to move up smoothly. However, as long as the price is above this support level, a higher low can be formed and the price will go higher. But since we do not know where the higher low will be, we will place our position in small batches as the price retrace lower, instead of one big position at the current price. Of course, you should still plan out the maximum limit of your intended position to work out your overall risk. The first batch of your positions could be at the current price to ensure you can still capture something if the price continues to head higher. This option requires holding power as you will most likely be buying to declining and/or sideways price action.
2) Wait for a higher low (the handle) to form first
As the previous support level is too far from the current price, it is better to wait for the higher low to form first. Once a higher low has been formed, you can take the trade with one big position with relatively safe assurance that the higher low will hold. As with option 1), there is no way to know where the higher low will be, thus you will have to depend on price action and candlestick reading to determine this. This option has a higher risk as if you predict the higher low wrongly, it could result in a losing trade. However, the reward is also higher as you will be able to get a precise entry without the need for averaging down.
Option one has more room for error at the cost of requiring better holding power. You might also not have the opportunity to enter the full position as intended as you are slowly spreading them out. This could result in lower profits.
Option two requires more precision and not much room for error. However, it rewards you with a much better entry position without needlessly spreading your seeds.
TSM: everybody wants a piece of TaiwanTaiwan is rich hunting ground for semiconductors manufacturing and with the increasing demand for chips and gpus prices will go higher. No wonder China wants to invade it and make it and its own territory. From a technical standpoint the chart looks great: hitting new ATHs with high volume. I expect it to go a lot higher.
TSM PutLooking to play puts no the way down. Waiting for MACD on the daily to show us a light green bar and start of reversal and then we'll head down to fill the gap. RSI is also super overbought so TSM needs to come down and breathe for a few days
trying to breakout! on watch next week 🚨tsm attempting to break strong resistance, if it breaks and holds above my targets are 157.62-174.3, if if rejects and starts pulling back look for dip entries near 110-120.
like and follow for more! 💘
All the relevant levels on TSMTSM 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 flag pattern and a decline of 24.33%
* Flag patterns are continuation structures; this means that after the breakouts, we tend to observe new impulsive movements in the same direction as the previous one.
What we will do now is explain possible bullish and bearish resolutions based on the levels we have:
BULLISH SCENARIO: The price has 3 levels we can use to consider closing positions: First fibo extension, cloned channel, second fibo extension (useful for swing and position traders). Assuming the price replicates the previous impulse that started in April 2020 and finished in February 2021, we should expect a movement of 330 days towards 204 (where the 2nd fibo extension and the cloned channel converge). Remember that when you are looking for big and extended movements you need to be open to corrections during your trade or investment (for example, on key levels)
BEARISH SCENARIO: The price is not able to surpass the resistance zone created by the previous ATH, and from here we observe a bearish movement towards the next target we have, "The ascending trendline) at around 119
Thanks for reading! feel free to add your ideas on the comments ;) Have a great weekend.
TSM Attempting BreakoutTSM gapped up yesterday on better than expected earnings report
Made a new All Time High but closed below it because of weakness in SPX
Either get in on a confirm breakout OR wait for a gap fill at 132~
Huge volume yesterday, way above 50 Day Standard Volume
clear shotchart was predicted before time and added to my portfolia within time so if u want more follow me
TSM LongTrendline break + retest
Entry 120
Stop 115
Target 140
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Taiwan Semiconductor earnings on 1/13 at 6amTaiwan Semiconductor Manufacturing ADR (TSM) Q4 earnings are on Thursday 1/13 at 6am. TSM reported Q3 September 2021 earnings of $1.08 per share on revenue of $14.9 billion. Revenue grew 22.6% on a year-over-year basis. TSM said it expects Q4 revenue of $15.4 billion to $15.7 billion. TSM technicals have been "rangy" the past year. What strikes me at this point in time is that the 100SMA, 150SMA & 200SMA have consolidated tightly together now at $117ish. This could become a very strong support area, plus it could point to an impending breakout to the upside if earnings are positive. Here's the price levels on the 1-day chart:
Q4 December 2021 Consensus:
EPS = $1.14
Revenue = $16.10B
P/E = 31.39
Div /Yld = 1.198
52 week high = $142.20
52 week low = $107.58
SMA200 = $117.47
SMA150 = $117.66
SMA100 = $117.72
breakout = $136.42
R3 = $132.77
R2 = $129.11
R1 = $125.46
pivot = $121.80
S1 = $118.15
S2 = $114.50
S3 = $110.84
breakdown = $107.19
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
Retesting the HighThe January spike up has been corrected but the Fibonacci 50% has been bought immediately. Consequently the following rise may become a retest of this January high. The momentum is increasing.
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
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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TSM EarningsHere's my thoughts.
* Extremely bullish flow with high volume of weekly's.
* Next resistance is at $136.12
* Chart is forming a cup and handle.
* With semiconductor shortage easing up earnings may surprise some.
TSMCIf you follow my trading strategy you should follow these rules:
1. Money management: never ever risk more than 2% of your account on every single trade! (Never risk any more than you can afford to lose)
2. Always use a stop loss order.
3. Always make your own analysis before you follow my strategy.
4. Follow Rule 1!
5. Remember Rule 4!
TSM : LONG Bullish Weekly Signal Alert$TSM stock coming out of a long weekly consolidation and a weekly squeeze. Trend and Pattern indicates the stock is ready to breakout on a weekly time frame provided Nasdaq consolidates at current levels and turns bullish.
TSM STRONGER THAN MARKET
Posbbily in phase D for now
-evidence by sos rally with lps
Observation : succesful 3rd point of test, TSM stronger than market based on comparative analysis, Sos rally with lps present
deduction : ongoing phase D, minor sos
confirmation : jac, major sos
Bears are not fan of TSM chipsTSM has always been the laggin semi play and looks to continue that trend by losing it gains. TSM had an insane run last few sesions followed by losing most of it steam. Currently it is on a downtrend after failing to reclaim EMAS. Continued selling pressure has it nearish support but still has some room down. There is a gap to fill below which looks like it may fill via wick or actual candle. IF we get pump at open with a failed EMA reclaim id go short until 122-120. If it breaks below 120 it should be an easy ride to 114 channel support
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
