TSM trade ideas
TSM - this behemoth in Semis is Sinking- why ? because globally things are just working very good...
- the market is already shorting this battered stock which is actually processing 90% or more of the semis across markets...
Now ... if semis are working so great... how do you think banks will ? Or FANGs ?
Maybe ppl are stashed in hardware... who knows ? ;-)
TSM long 1 (filling the gap)buy: 39.53
sell: 42.69 8% gain
stop 37.95 4% loss
duration: 9 business days
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!
TSM about to break out if good volume!A double bottom was formed around the 42 mark and is now retesting the top resistance to break out past the $44.33 mark. Keep in eye out for good volume to confirm the breakout up to $45-$46 mark for 2-4% gain by beginning to mid next week.
Steady as she goesTSM is solidly showing trend and predictive behavior when comparing to MAs
Right now we are clearly forcing the bollinger which is obviously a bearish signal
Safe entry $40.50
Speculative entry $42
Very speculative $44
Stop loss as you like (under 100MA possibly)
Swing Idea - Semiconductor PlaySee chart for details.
No macro based comments on this one.
Compare to SMH for relative strength measure.
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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 .
Bullishshort term bounce target $38
mid term bounce target $36
long term lowest bounce target for bull thesis $30
The Future of the current priceJust read what i wrote above and you will understand what is happening, we are once again experiencing overbought conditions. Don't forget this is not a currency and not a commodity, it won't go that down.
TSM Fibonacci positionThis asset retraced to 78.6 ,then rallied back up to close past the previous resistance.This is a good indicator of a move to the upside.Looking to achieve a 161.8 target.
D1 Demand That Broke TL in control, Longs on TSMMN TL is up, MN demand in control, go long from D1 demand that broke down trend line
TSM - Upward channel breakdown, short from $29.46 to $27.43TSM broken down longer term upward channel, retested it & now seems rolling over. It is in the weak semiconductor sector. It has nothing significant to support a breakdown, so we are looking for a short-term Stock trade. A break below $29.46 will be entry confirmation & our target is $27.43
You can check our detailed analysis on TSM in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:30"
Trade Status: Pending
TSM nice bounce in uptrend channelNice uptrend channel pattern. A bit late on this, but still quite compelling.
Interested in everyone's thoughts.
