TSM trade ideas
End of wave 5?Should we short now based on the price action? I think we can attempt as we are nearing the end of wave 5. Rising wedge and bearish engulfing candle indicate a failure to close above the ATH's top. As such, we are looking for a major correction ahead.
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.
Taiwan Semiconductor takes a bounce of the 50d MATaiwan Semiconductor Manufacturing is getting a bounce off the 50d MA and shooting up to make new highs.
Tight stop at 84.35 (5.7% below today's close)
Position Size is R17.55
Long term up, but might consolidate for at while. RSI getting momentum
CMF moving towards 0
MACD still bearish
TSM posting better than expected earning.$TSM is trading on the lower boundary of the projected PEAD cone, with a Bullish outlook, As per the projection, price has good room to move to the upside
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 upside possible seeing 95 - 100As it is in a parabolic move in weekly chart , it is hard to project where price could go except using the whole crowd pricing.
So long $80 not broken down, we could potentially see this move to $95 and ultimately at $100 facing a stronger resistance.
Are we seeing the end of wave 5 and start of correction ?Will we be seeing the end of wave 5 or is the current sell-down a short time correction and the next bullish impulse will resume? God Knows.
TSMEarnings BMO tomorrow. Could trade down to $86.49 but it'll get bought up. Earnings should be priced in and the stock won't move
Taiwan Semiconductor Manufacturing (TSM)Taiwan Semiconductor Manufacturing (TSM)
Fundamental: It meets our fundamental criteria
Technical: Box or flag pattern with some volume
entry: 83.81
stop: 75.95
target: 103.41
1 h line sell out TSMSell out TSM according to 1 h signal, increase cash ratio for uncertainty before Novermber
TSMLooks to be breaking out....note that this is the biggest component of the $SMH ETF. (No position, but long $SMH)
TSM is a buy hereI am seeing A LOT of reversals out there on the short time frames. Next week should be bullish IMO
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.
