TSMD trade ideas
$TSM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TSM after a Negative over reaction following its earnings release placing the stock in drift C
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TSM - Taiwan Semiconductor C.Everyone needs chips and they .... are not!!!
TSM, the chip giant that also manufactures AMD with a slipped price.
Financial results exceeded expectations.
Corrections in excess of 20% have not offered us much in the past.
But what about the fundamentals? TSM is investing in technology, and the fact that AMD manufactures its 7 nm chips, which Intel (INTC) is still unable to produce, is a good sign of the quality of their factories. Cooperation between TSM and AMD seems to be great, as AMD has long been ahead of the INTC. And it also produces GPUs, unlike INTC. As soon as Intel starts making 7 nm chips, these guys will spit 5 nm on the market. Yes, Intel has a new director, but the changes in such a huge company will not take effect so quickly. I bought both AMD (thank you for today's 6% +), also TSM.
It is a long-term strong company in an industry in which demand will increase. If the price falls, then buy.
I'm in at 117.20,
Thanks AMD & TSM for your work!!!
Taiwan Semiconductor Q1 earningsTaiwan Semiconductor Manufacturing (TSM) reported Q1 March 2021 earnings of $0.96 per share on revenue of $12.9 billion, P/E = 35.75. The consensus earnings estimate was $0.95 per share on revenue of $12.9 billion. Revenue grew 25.4% on a year-over-year basis. The company said it expects Q2 revenue of $12.90 billion to $13.20 billion. The current consensus revenue estimate is $13.15 billion for the quarter ending June 30, 2021.
R3 = $128.97
R2 = $126.55
R1 = $124.13
pivot = $121.59
S1 = $119.17
S2 = $116.88
S3 = $114.46
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TSM looking to complete Inverted Head and SholdersTSM Looks to be about to complete an Inverted Head and Shoulders pattern on the 4hr time frame. A break of the trend line and hold should be a good entry. A break of 123.50 would be the super safe entry. Neckline to head is roughly 13pts, so the expected move from the neck to completion should be the same which would put our High End Price Target at roughly 134(right near a resistance) with 126.50 being our intial price target. Currently a safe contract would be a June 18 2021 Call, strike dependent on your capital and risk tolerance.
TSM (NYSE) - Go Up
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Idea :
TSM (NYSE) - Go Up
Short term pullback or towards Fib 0.5?It has been trending down since Feb 16th. And finally showing a big bull candle break through trend line.
Two scenarios:
1) Continue to rise and test resistance at $121. If it breaks, then the correction is done. And the begin of Wave 5.
Or
2) If next couple of days it shows us bearish candles, retest previous low of $108 and failed to hold, we will see further retrace to Fib 0.5 $96 or the next support at 200 Moving Average.
Final thought: MACD is negative and no momentum. RSI is low and tilting up a little. But something fishy about the relatively low volume the day the big green candle punched through trend line,
TSM might be heading down more until the big guys shake off all the bag holder.
$TSM 3/26/2021Tech went through a nasty correction. I believe the correction may be over most tech stocks are trending to oversold.
The case with TSM is they have corrected back to key levels and are oversold on the RSI. And SQZMOM Bear and MACD both show a trend to positive upside.
On Friday they closed over $115.81 and that's a good sign to bounce back to the next resistances $120.87 $124.96 $129.05 $134.87 $142.28
Worst case scenario it falls back under the most recent support at $115.81 then tests $107.63 then $103.38 after $103.38 is danger zone.
Earnings Call is April 15th and i expect them to beat expectations and they have a history of performing true to earnings. So could have a sharp move north if good earnings are announced.
TSM price target of 130$TSM is currently bouncing off the support levels of 113-114$ we could see some side ways trading before it runs to 130$ and potentially higher.
Keep it on your watchlist.
TSM Double Top with Fibonacci Fan Retracement to .25As seen in the previous occasion TSM ventured above Zero and approached .25 we can clearly see two peaks. Although the second peak is above the first, as in both cases illustrated in pink, the second peak had a greater gap between .25 and the peak candle.
💡$TSM💻 Waiting for trend breakout💰+15%🏌️♂️NYSE:TSM 📚TSM seems to have found price support at $114. Price is being supported by a long term bullish price channel, yet has been trading down since 16th Feb. Should price break out of this bearish structure, it could head higher to $135, near ATH. Watch though as price may tag the 50 day MA first.
The world No.1 chip company.3nm chips are almost produced by tsm.
tsm has receive full order of chips in 2021.
2nm may be produced in future.
