TSM/N trade ideas
TSM Gap Fill ReversalTSM previously gapped up from the $76 level to the $81 level. It just filled it's gapped back down to the $76 level. Now that it has filled its gap, i'm expecting a reversal back up to the 81 range. After most gaps fill 100% they reverse to the next closest level of support/resistance, in this case its the 81 level.
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.
TSM - $80 Price Target / Will Consolidate / Move Higher0. Notes to follow;
1. We have been in this and accumulating since the $50's. Great stock. Foundry for AMD, and beneficiary of their 16 percent run yesterday, with TSM up 10 Percent;
2. Stock is less volatile, with new plants in the US and Japan coming soon;
3. They may buy the plants from INTC as they are hurting and TSMC will probably always be ahead of INTC now;
4. Looking for stronger move to $80, and a yearly finish up to $100 a share;
TSMIf we are really pulling back in the market in the back half of the summer where do you want to re-accumulate your favorite names? I like TSM normally if we retrace id like to buy a deeper pullback but the gap fill looks like a decent spot lines up with the top range of the fib if you are looking for a nice swing trade into December.
Taiwan Semiconductor guidance crushed Street estimatesI saw a couple articles this morning suggesting that maybe TSM sold off today because forward guidance disappointed Street expectations. That's nonsense. Revenue guidance came in about 7% above expectations, and earnings guidance came in about 15% above Street expectations. This company's guidance crushed it . The stock sold off for one reason only: it is overbought.
TSM does look a bit pricey, even with the strong guidance for Q3. Even after factoring in the strong forward guidance, I am calculating forward P/E at about 21 and forward P/S at a little below 8. That's about 20% more expensive in forward P/E terms and 34% more expensive in forward P/S terms than the stock's average valuation over the last three years. In this challenging macroeconomic environment, that seems like an unreasonable valuation. It's a reflection of how inflated tech valuations have gotten due to Fed liquidity and investors piling into tech as a safe haven.
Having said that, TSM has an extraordinarily strong growth narrative right now, as the company is set to take over chip production for Apple. Formerly Apple's chips were manufactured by Intel. TSM also makes chips for Qualcomm, among other large companies. Thus, I think TSM will continue to outperform the Nasdaq and is a buy on any significant pullback. Ideally, I'd like to see this stock pull back to the volume node near $53.50 before buying, but in truth I don't see that happening any time soon.
TAIWAN SEMICONDICTORS DAILAY ANALYSISHi friends
the daily graph of this market shows with a high probability that it will experience an uptrend but we must be vigilant of the change in the opposite direction
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Updated Analysis of TSMDear traders,
Welcome to my updated analysis of the TSM price! Please hit the like button and leave comments If you like this work!
Now, the TSM price is blue-sky breaking out. It has formed harami-like candles today and it is going to test the support region. If the price holds and SPX does not crash, it is very likely to hit the price target at about 66 USD. The momentum oscillators have not been exhausted yet, which means this asset could reach a much higher price.
Enjoy and play safe.
HakoneDream
Price breakout after consolidationBreakout after consolidation
Aim 15-20% return in 1-2 weeks
Manage risk with trailing stop loss of 55
TSM Forms Bull Pennant?!Good morning/afternoon/evening traders,
This solid company could be imminent for another breakout soon and offer a nice short-term trading opportunity.
Please see the chart.
HakoneDream
Taiwan Semiconductor $TSM "cup w handle"$TSM clears the buy point of cup with handle.
12 months Consensus Price Target: $47.50
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Taiwan Semiconductor Provides Clear Roadmap of Market TechnicalsOften times during countertrend moves, price action can become choppy, overlapping, and difficult to read, let alone trade.
It is important to be continually monitoring charts of individual issues, as well as the major averages, as often times, when one is choppy and "unreadable," the other will give a tell as to where you are, technically speaking, within any particular market cycle.
For example, while the charts of the major averages have become choppy as of late, and FOMO investors exchange financial blows with traders who are looking for the proverbial "top-tick," to get short, I have taken to looking for the omnipresent "tell' stocks.
These are stocks that are typically widely held, large-cap, and very liquid stocks, and as such, present a descent proxy for the overall market.
At this moment, Taiwan Semiconductor (TSM) presents us with a very clear roadmap for where we are.
1) it has completed a very clear 5 wave impulse from the 1998 low
2) Clear alternation between wave 2 and 4
3) A textbook 3 wave counter-trend move of the March 2020 bottom.
When the current counter-trend rally exhausts itself, the market, including TSM will be engulfed in a very strong, and profitable, wave C. There will be virtually no stock that will be unaffected, as correlations converge on 1.0
Keep watching here for updates good trading.
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform
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TSM - 10% Potential by EOY PLUS DividendsIf price breaks above the local high (look at green dotted line), we might have a runner back to ATH. My stop will be a close below the rising trend line and will move accordingly with price.
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TSM potential break outTSM chart formed a nice triangle for potential breakout in a cluster with GANN reversal time zone, If TSM breakout r breakthrough that 2 GANN angle I think TSM could fly out that triangle .
