TSMC34 trade ideas
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
Go to the Invest2Success Blog and or Contact Me for the Details
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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 .
TSM Bull Flag BreakoutTSM is in a bull flag since mid April. Right now, it is looking like it may be breaking out to continue a trend up.
$TSM Potential Bullish Raising channel Closed with daily doji candle supported by high volume . indicators showing positive move
TSM- EarningsNo FA will be presented, only TA.
Looking like a triple top over the last few weeks, bout to break to the downside by the looks of things from the uptrend it's been in.
RSI downtrending, and at support. Looking like a descending triangle, if it plays the same then expect a drop.
MFI fallen out of uptrend. Waiting to see if retests or not.
A/D dropping a bit over the last 2 days.
Close around $58.38 will have closed below trendline.
Gap at $55.
Not advice.
TSM$TSM earnings better than expected, along with bullish price action, looking strong, esp with 5G demand coming up
TSM, Taiwan Semiconductor Manufactoring - Take ProftNYSE:TSM
How do we look for the classic patterns of technical analysis?
Every weekend we screen the markets of our interest and set alerts.
When do we enter our trades?
On our classic strategy, we enter on Friday, i.e. after the confirmation of the whole week.
In this case you can easily determine at first sight this head and shoulders of continuation.
So you think it is difficult to visually detect these patterns?
Good Trading to All!
$TSM:NYSE - TAIWAN SEMICONDUCTOR - Will it bounce?Has been having a great run up around 60% over the last 12 months.$300 BILLION market cap and a $20 BILLION EBITDA it is a mega whale and hopefully over the next year the trade tensions between the US and China will continue to ease giving it more upside. It has been having a great run, but a bit of a recent pullback means it needs watching to make sure it rallies and continues its upward move. Could be worth a watch.
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.
