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TAIWAN SEMICON MAN

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TSM trade ideas

Possible post-earnings bounce levels for Taiwan SemiconductorsWith industry-leading technology and low exposure to China tariffs, Taiwan Semiconductor is poised to thrive in the trade war era. The stock soared to overbought levels ahead of earnings, then blew away analyst estimates on its earnings report. However, the stock has been dropping after earnings because the price had gotten too high, too fast. Its current P/E of about 24 is about average for the semiconductor sector, but it's well above TSM's five-year average of 16. TSM is bound to bounce at some point and resume its uptrend; the question is when. If this were any other other sector, I'd expect to plummet right through our first support level. However, semiconductors have absolutely defied gravity lately, so it's fully possible that the first support will give us our bounce. Here's one possible scenario, in which we get a mini-bounce from the first support and then a stronger bounce from the first trend line: Here's another likely scenario in which we fall to the second trend line and bounce from there: Even if we do break the second trend line, we've got a nice, strong volume node right underneath it at 44.17 to act as a secondary support. Best case scenario for buyers is that we head all the way down to about 42, where another strong volume node is located. My strategy for playing this is to buy at the first trend line, with a stop loss right beneath it in case the stock breaks down further. If it does, then re-enter at the second trend line and just hold, with no stop loss. If it falls further to 42, triple the size of my position. As always, this is just an idea as to how the market will move and is not intended as investment advice. Happy trading!
NYSE:TSMLong
by ChristopherCarrollSmith
4
Taiwan Semiconductor Bucks the trend, Bullish breakoutEntry level $48.70 Price target $53.00 Stop loss $47 Average analysts price target $51.36 Average analysts recommendation Overweight Yield 3.37% P/E ratio 23 Company profile 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.
NYSE:TSM
by Bullishcharts
TSM daily bulllish butterfly after earningsTaiwan Semiconductor Manufacturer has a bullish butterfly pattern after its earnings. It didn't really pull back much since 2015-8-24, so this trading opportunity is worth noticing for potential reversal sign near 38.00-39.00 In terms of trading, TSM is not the one people mention the most in Taiwan for its steady move and lack of volatility; while in terms of investing, almost everyone will think TSM is the top 3 pick for long-term investing. Finding a good entry for this stock and execute the buy and hold strategy is not a bad idea at all ~ Let's see how it goes!
NYSE:TSMLong
by Trader_Joe_Lee
TSM Long on Fundamentals and TechnicalsStrong and consistent revenue growth should drive earnings. With a P/E of 17.3, it is inexpensive compared to rest of market. Their customers, including major tech players such as Apple , Nvidia , AMD , and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since starting its bull run in 2016. Now testing that again could provide a good entry point. Some ETF exposure to it: it is 10.16% of SMH , 3.8% of SOXX .
NYSE:TSMLong
by trading412