TSM: Buying DipsTaiwan Semiconductor Manufacturing Company - Short Term - We look to Buy at 117.00 (stop at 114.00)
We look to buy dips. Trend line support is located at 116.00. The trend of higher lows is located at 114.00. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 127.00. This move is expected to continue and we look to set longs at good risk/reward levels.
Our profit targets will be 126.00 and 134.00
Resistance: 125.00 / 127.00 / 130.00
Support: 116.00 / 114.00 / 110.00
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Taiwansemiconductor
1/9/22 TSMTaiwan Semiconductor Manufacturing Company ( NYSE:TSM )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 593.364B
Current Price: $123.50
Breakout price: $128.00
Buy Zone (Top/Bottom Range): $125.00-$120.25
Price Target: $134.50-$136.00 (1st), $142.00-$144.00 (2nd)
Estimated Duration to Target: 66-70d (1st), 118-122d (2nd)
Contract of Interest: $TSM 3/18/22 130c, $TSM 5/20/22 140c
Trade price as of publish date: $5.30/contract, $4.90/contract
#TSM making successive higher lows.. #bullishChart looking good, 3 successive higher lows and now back above the 200dma. Needs a close > $125 to break out the channel we have been stuck in for the most part of 2021. Demand for chips and related products manufactured by TSM should continue to stay elevated
TSM longEntry price: 107-109$
Target price: 123-126$
Keltner Channels: The price is oscillating close to the lower boundary.
RSI: Approaching 30 level, thus asset is close to being oversold.
Conclusions: The price just bounced the strong support level. Moreover, among Keltner Channels and RSI the price increase will occur soon. Therefore the long position is recommended after the price will reach the support zone again.
No financial advice.
#TSM mid term AnalysisAs we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of the world chips manufacturer market.
since the July spike the price of #TSM has been trading at a side chanel from 108 usd to 125 usd, in case of a breaking of the 125 resistance at the edge of the accumulation channel, we can expect the price to travel smoothly to a) level target and so on, but in case of breaking the 108 support level we may see bears will take control to the oranges mark supports.
As expected due the economic enviroment right now, lets expect a lot of volatility but thats ok, dont forget you are sitting on a value stock, the stop loss is stretched due volatility.
ANOTHER DISCOUNT with global chip shortage and declined value of one of the largest suppliers
what you think is going to happen when things go back to normal especially with the increasing demand 🤔
In times of confusion I believe the best opportunities are given
This goes for a semiconductor companies what is technology without it
$TSM descending triangle - what do you think? Up or down?Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish.
TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid?
I lean towards bullish as the 200ma approaches but the technicals on paper say otherwise.
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TSM - Taiwan Semiconductor C.Everyone needs chips and they .... are not!!!
TSM, the chip giant that also manufactures AMD with a slipped price.
Financial results exceeded expectations.
Corrections in excess of 20% have not offered us much in the past.
But what about the fundamentals? TSM is investing in technology, and the fact that AMD manufactures its 7 nm chips, which Intel (INTC) is still unable to produce, is a good sign of the quality of their factories. Cooperation between TSM and AMD seems to be great, as AMD has long been ahead of the INTC. And it also produces GPUs, unlike INTC. As soon as Intel starts making 7 nm chips, these guys will spit 5 nm on the market. Yes, Intel has a new director, but the changes in such a huge company will not take effect so quickly. I bought both AMD (thank you for today's 6% +), also TSM.
It is a long-term strong company in an industry in which demand will increase. If the price falls, then buy.
I'm in at 117.20,
Thanks AMD & TSM for your work!!!
Photronic Future Projection and DD over the coming ~3 monthsI project an increase in the stock price of NASDAQ:PLAB due to:
Increase in revenue since the last quarter.
Commitment to Chinese and Taiwanese production plants that have a solid backing of governmental support.
New technologies within the industry combined with a solid demand that wont decrease and the mono-product nature of Photronic.
Demand for smartphones and similar products have increased in the last quarter of 2020 and the first quarter of 2021.
Internally the company believes that the industry-wide stocks is oversold, as told in their 'Photronics Q1 - FY21 Earnings' web-conference available on their website.
The lack of supply of their product market-wide has made possible for the first time in 35 years an increase in main-stream pricing of their product, as shared in the same conference at the 40 minute mark.
Available on the website is also two videos, hosted on YouTube, discussing two of their most recent production plants in China. But the low view-count (500) tells me they are videos made for investment meetings and similar meetings and therefore the company itself are making big steps to increase their production and gain governmental and private support.
As far as indicators go:
The MACD is below 0 and looks to move over the signal line and over the 0 line again.
The Ichimoku cloud has a red cloud within the near future but I project that it will quickly close and return to a green cloud.
The RSI is below the mid line and the current situation is reflected in past movements of the RSI.
As far as fundamentals go:
The support and resistance of the stock has had incremental increases since the start of the quarter.
The revenue movement compared to last years Q1 is only -2%, which is a market situation that doesn't reflect most other industries as many are still recovering from the effects of Covid-19.
As far as the only negative I can find in this DD is that the CEO of the company sold a fifth of his personal stocks for an undervalued price of around 11$ at the turn of the year. It could be personal reasons or a need for more capital in the company could have necessitated this sell of, but in any case its the only point I cannot fully explain or reason, but that may also be down to a lack of experience on my own part. If you have any thoughts on this please share.
Personally, I have an alert set for the crossing of the Ichimoku Conversion line up and over the Ichimoku Base Line to indicate a value increase that could projectically rise and stay risen at least temporarily over the next month or two.
Thank you, and please, if you have any other thoughts or counter-points make sure to share them so I may discuss this symbol with you.
TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others.
It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
TSMC Breakout: Powering the AI MegatrendAfter consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum.
TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm, etc - and arguably underpins much of the world’s tech boom and AI megatrend.
Part of the fuel for the breakout came from Apple’s new iPad Air announcement yesterday, utilizing their latest A14 Bionic, the first consumer chipset to run on TSMC’s most advanced mass production 5nm process.
This is one stock you’ll want to own for the long haul.
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