TSM
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.
TSM Analysis Expect a bullish breakout
Daily
Bull Flag
Bullish Separating Lines
Increasing volume
Bullish Momentum Reversal
MACD/RSI Curling up
Breakout Level: 83.33
4hr
Bullish Rectangle
Consolidation with Wide Price Swings
Bullish Engulfing Outside Bar (with Volume)
Bullish Hidden Divergence (CCI)
Bullish close above 81.75
Strength in Trend
1hr
Inverse H&S (Complex Bottoms)
Bullish Hidden Divergence (MACD,Stoch,Diosc,VWMacd)
3 White Soldiers (with rising volume)
Strong Bullish Momentum
Bullish Rectangle with Consolidation since 07/28
TSM: Cup with handle longBeautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI. (lower RSI with higher bottom in price). This gives a target of a possible target of 84.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.
US stonx I'm interested inAMAT - Applied Materials
The domestic TSM, almost sounds like Tiamat. Eastern Asian spies? In my processor? It's more likely than you think.
www.nasdaq.com
CMI - Cummins
Lol, produces stuff for different industries, natgas. Should monitor PPI for April.
www.nasdaq.com
www.bls.gov
www.bloomberg.com
BBVA - Banco Bilbao Vizcaya Argentaria
This one doesn't look too hot but they're 'investing in zero knowledge proofs' and all that matters is that they mention 'blockchain' for the exit pump.
www.nasdaq.com
www.bloomberg.com
www.bbva.com
cointelegraph.com
Dead cat, sleeping bearArticle title: "Dow Jones Futures Jump After Coronavirus Stock Market Sell-Off Continues; Disney, Salesforce, Virgin Galactic, Insulet Move On News"
Excerpt: Dow Jones futures rose 0.8% vs. fair value. S&P 500 futures climbed 0.8%. Nasdaq 100 futures popped 0.9%. Dow Jones futures have been volatile.
How a +1% from the low of the new daily looks:
I'd love to be an author for these types of articles.
Anyway, I'm interested in this insane gap retrace and how to hedge against it. For tech, going long on TSM makes sense as its one of the top producers for Apple and AMD. It makes double sense because the current U.S. presidential administration has talks of banning their chips because of spies. Very cold war esque way of getting stocks on the low.
This is with the intention of holding AMD put options and looking for an entry into TSM or XLK with a longer expiry.
The other easy option is to go into a stable currency. Fumbamentally, gold as a store of value is a farce since it broke its 'always go up' trend a few years back and now the supply is majority owned by the U.S. government. It's the Dollar Gold. What could happen:
1) Market recovers tomorrow and gold is dumped back to the mines because it costs to secure it.
2) Market doesn't and, in your moment of despair, have to sell your gold at a low to be able to eat.
3) Gold hoarding and debt growth was actually a secret tactic by the U.S. to destabilize currencies and make gold the new money. Possibly dragon origin.
Daily DJI futures hit oversold on VZO, should be alright:
Taiwan Semiconductor (Reversal)TSM is moving towards a key resistance level which could in-turn create a reversal. That level is just under $39.00. Big tech companies are anticipating the release of 5G, so most if not all mobile devices will have capabilities and Qualcomm which is a customer of TSM will be producing a lot of chips.
ADDED 1,000,000 SHARES - POSSIBLE BUYOUTWe heard a rumor that at least two to three large chip companies approached Micron about a takeover.
Is the rumor true, we are trying to find out.
We can say this, after looking at the stocks / P/E's of lesser public companies, in the computer / technology industries and other industries, and then looking at the price of Micron, if the company is not purchased by Intel (INTC), Qualcomm (QCOM), Taiwan Semiconductor (TSM), Qorvo (QRVO), Microchip Technology (MCHP), Western Digital (WDC), Broadcom (AVGO) or someone else, it will be a miracle.
Look at Cracker Barrel (CBRL), trading at 19 x trailing 12 months, with a P/E of $9.00...STOCK PRICE = $172.00 (yes, we understand it's a restaurant - that doesn't change earnings for earnings or P/E for P/E)
So, even if Micron sales drop, and E.P.S drops to between $8.00 and $9.00, the stock should be trading upwards of $175..? No..? E.P.S is E.P.S right...?
Cracker Barrel has a market cap of only $4.2 Billion while Micron has a market cap of $41 Billion...
Look at MCHP, trading at $73.00 with a market cap of only $17 Billion... P/E....? 32 x trailing 12 months...? OMG!
Look at QRVO, trading at $63.50 with a market cap of only $7.7 Billion... P/E...? 460.33 x trailing 12 months...? OMG!
MICRON is one of a handful, if not the only UNDERVALUED STOCK ON THE STOCK EXCHANGE
Corrupt Analysts calling for more of a drop in the price of Micron could soon be kicking themselves in the teeth!
We will continue to keep adding Micron to our portfolio at these FIRE SALE PRICES!
IT'S REALLY DISGUSTING WHAT IS HAPPENING TO MICRON!
WALL STREET HAS MICRON ALL WRONG AND SOON, THEY WILL ALL BE JUMPING OFF BUILDINGS!
HAPPY THANKSGIVING TO ALL OUR FOLLOWERS!
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!