TSM BEARISH CRAB PATTERNHere is why I think we have a perfect bearish crab pattern on weekly time frame on TSM which gives us a huge short opportunity. Please let me know what you think in the comments section...
TSM trade ideas
TSM - bullish countIt getting quite easy to EW 'count' a top in this market but this count suggests that the bull market may still have some legs, even if they are getting a bit tired.
Bearish, TSM Bear Put SpreadDebit play
TSM topping out here, short 38 day Jul 19th
-160 +165
275 max profit on 225 capital allocated or 122%
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars.
Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future.
Levels to watch: $130, $100
Keep your long term vision,
Philip - BasicTrading
ResistanceProfit-taking entry point at price 162.94 and Waiting for the RSI to reach 70.
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
TSM Bull Put SpreadBull Put Spread Credit -195 +190
Jul 19th $ 116.00 2 $ 4.52 $ 111.48 $ 888.52 12.55%
Directional play on TSM, will exit before Jul 18th when earnings comes out.
TSM: Rising Channel (Short Term)Key Points: NYSE:TSM
1. A raising channel shows a clearly defined uptrend. It is generally considered a bullish continuation pattern.
2. A breakout above an ascending channel can signal a continuation of the move higher.
3. A breakdown below an ascending channel can indicate a possible trend change.
Support/ Resistance
158 - may act as a resistance.
149 - may act as a support
Notice :
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Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification,
Set up trade idea ( long /short),
Set up entry and target price.
Valuation, making analysis report etc...
Experience: 5 years.
TSM: Rising Wedge (Long term) Key Points: NYSE:TSM
1. A raising wedge pattern is used to identify possible trend reversals.
2. It is considered a bearish pattern.
3. It signals that the buying momentum is slowing down.
Support/ Resistance
158 - may act as a resistance.
149 - may act as a support
Notice :
looking for a job
------------------------
Is Your company hiring an assistant day & swing Trader/ assistant technical analyst/ assistant equity analyst?
I am a day & swing trader, freelancer technical analyst & equity analyst. Now, I am looking for a job .
Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification,
Set up trade idea ( long /short),
Set up entry and target price.
Valuation, making analysis report etc...
Experience: 5 years.
TSMC Says Semiconductor Industry Sales Could Grow 10%TSMC ( NYSE:TSM ), a supplier of Nvidia and Apple, has forecasted an annual revenue growth of 10% for the global semiconductor industry due to the surge in demand for artificial intelligence (AI). The company, which is a major supplier to Apple, has seen strong AI server demand, which has risen 2.5 times from last year. This is considered a "golden age of opportunity with AI," according to TSMC Senior Vice President Cliff Hou. The company also noted that the industry could benefit from a mild recovery in demand for smartphones and PCs, which had slumped due to oversupply.
Hou also suggested that revenue for the foundry sector, which TSMC dominates, could expand at an annual rate of 15% to 20%. In April, TSMC lowered its outlook for the global semiconductor industry excluding memory to a growth rate of around 10% from a previous forecast of more than 10%. The World Semiconductor Trade Statistics has forecasted growth of 13.1% for the global semiconductor market in 2024. TSMC ( NYSE:TSM ) estimates second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in AI applications.
Nvidia has also forecast its quarterly revenue above estimates and announced a stock split, lifting shares to a record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.
TSMTSM can go higher because now it’s breaking the old high with Doji maybe 180$ per share before it pull back.
TSM HOURLY BULL FLAGTSM showing strength here with buying momentum clearly picking up at possible higher low with 4h highs to take out. Should provide multiple buy opportunities to the upside as long as hourly continues to trend.
TSM is at its make or break level! ⚡boost and follow for more! ❤️🔥 rejection here and we dip to 119-131 before more upside. If we can clear trend resistance from 2021/160 long trigger then a explosive rally to 180-200 should follow.
$TSMNot financial advice.
NYSE:TSM
On its way to the top of channel will this be a break or bust? so far Fibonacci numbers align with the correct retracement. Bulls need to step in.
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Resistance And Support"The profit-taking entry point is at 158.4, while the profit-taking exit point is at 125.78."
Seems like the AI Boom is not over yet. Still more UpsideApril revenues came at T$236.02B. This is up 59.6% year-over-year and up 21% month-over-month.
January - April revenue came at T$828.67B. This is 26% year-over-year. The company Fundamental metrics are great.
Also, their technical analysis looks ready for more upside.
Are you buying?
Taiwan Semiconductor April Revenue Jumps 60% On-yearTaiwanese chip giant BCBA:TSMC reported a 60% increase in April revenue, driven by a surge in demand for advanced semiconductors used in AI hardware. The Taiwan Semiconductor Manufacturing Company controls over half the world's chip output and supplies them for various products, including Apple's iPhones and Nvidia's artificial intelligence hardware. The company's revenue for April was approximately NT$236.02 billion (US$7.2 billion), an increase of 596.6% from April 2023. The company expects a 27.6% rise in Q1 revenue.
The success of OpenAI's ChatGPT has sparked an AI gold rush, with demand for cutting-edge chips needed to train and run AI services worldwide. BCBA:TSMC dominates the global chip industry, with most of its fabrication plants located in Taiwan, a self-ruled island claimed by China. Concerned governments have lobbied TSMC to move production away from Taiwan, and the US has made a significant push to overhaul the semiconductor industry on American soil.
US Commerce Secretary Gina Raimondo stated that an invasion of Taiwan by China and a seizure of TSMC would be "absolutely devastating" to the American economy. Currently, the US buys 92% of its leading edge chips from TSMC in Taiwan.
TSMC plans to open a third factory in the US, raising its total investment to US$65 billion. However, the company faces obstacles due to a lack of human resources and specialized skills required for making chips. Additionally, TSMC is planning another facility in Kumamoto for more advanced chips.
Technical Outlook
Taiwan Semiconductor ( NYSE:TSM ) stock is up 5% on Friday's Market trading, with a Relative Strength Index (RSI) of 66 which is slightly overbought. A move further above the 38 Fibonacci Level will accentuate the bullish trend of $TSM.
TSM ready to breakout Bringing to your attention that TSM is ready to breakout.
Semiconductors are still hot. Above 142 next stop 148, 158.
TSM heads up at $149.07: Golden Genesis fib and maybe "a" topTSM at new highs but up against a Golden Genesis fib at $149.07
Sister golden fibs below have been very relevant to price moves.
What happens here will give clues to the ongoing trend strength.
It is PROBABLE that we "orbit" this fib for some time.
It is POSSIBLE that we have "topped" for now or forever.
It is PLAUSIBLE that we "flip" into support and keep going.
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118-123are some key levels to watch out for in the short term if price can recover from its current downtrend following its most recent reported earnings.
Even though being up a rough 38% in the last 6 months, the gains so far has been quite giving. A retracement into its overall uptrend would be something to watch out for.
Correction its fallen below the ichimoku cloud cover and would need heavy support to recover from the short term downtrend.
currrent support 124.68
multiple gapped down candles selling momentum was quite strong on the way down from its 52 week high of 158.40
TSM: After Downgrading The Outlook, What To Expect?
Trend
- On the weekly chart: Clearly showing an uptrend.
- The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel.
100% Symmetrical Projection: Uptrend “N” Patterns
- A 100% Symmetrical Projection of the initial swing (from A to B) and then projected from C. As a result, D was our initial target price.
- Without a symmetrical retracement from D to E, there's a resistance-turn-support at level D, and the price continued to rise. The target price was adjusted another 100% higher to D' due to the very strong momentum.
- However, the price failed to reach D' and fell below level D at $135, indicating that the momentum has dissipated. Additionally, on the daily chart, there's a support-turn-resistance to reinforce the level's importance.
- What's next?
The price may retrace 100% of the "extra force" of the blue box; or
The price is likely to fulfill the original symmetrical retracement from D to E.
N Pattern’s Target Price & Fibonacci Price Cluster
- The 0.5 Fibonacci Retracement of the entire swing from A to HH perfectly aligns with level E, which can be seen as one of the current target prices on the short side.
- The 0.618 Fibonacci Retracement of the more recent swing from C to HH is close to the low of the returning blue box.
- Both levels and the previous key resistance level at B form a tight zone, likely to be a significant support area (the gray area).
Conclusion
- After breaking below the key level at $135, TSM is expected to retrace to the tight range between $109 and $112.7.
- In other words, if you’re considering to buy more and invest in TSM, this tight support area presents an opportune entry point.
Not Financial Advice
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
2330 Fibwhere to buy or where to sell is not just technical,however it can be a signal.
keep tracking correlative stock or index to have a better judgement.
2024 YTD stock correlative chart:SMH vs TSM2024 YTD stock correlative chart:SMH vs TSM
sooner or later, they will close to each other.
