TSMC Wait patiently for wave 3TSMC is the world's largest contract chipmaker, and it is well-positioned to benefit from the growing demand for semiconductors. The company has a strong track record of innovation and growth, and it is investing heavily in new technologies to stay ahead of the competition.
TSMC is also benefiting from the trend of chipmakers moving their production to Taiwan. The island nation has a number of advantages, including a skilled workforce, a stable political environment, and a close proximity to major markets.
As the demand for semiconductors continues to grow, TSMC is well-positioned to capture a significant share of the market. The company has a strong track record, a bright future, and a favorable investment thesis.
Here are some of the reasons why you should invest in TSMC stock:
TSMC is the world's largest contract chipmaker, and it has a strong track record of innovation and growth.
The demand for semiconductors is growing, and TSMC is well-positioned to benefit from this growth.
TSMC is investing heavily in new technologies to stay ahead of the competition.
TSMC is benefiting from the trend of chipmakers moving their production to Taiwan.
Taiwan is a stable and politically secure country, which is important for chipmakers.
TSMC has a strong management team with a proven track record.
TSMC is a profitable company with a strong balance sheet.
Overall, TSMC is a well-run company with a strong competitive position. The company is well-positioned to benefit from the growing demand for semiconductors, and it is investing heavily in new technologies to stay ahead of the competition. If you are looking for a stock to invest in the semiconductor industry, TSMC is a good option.
Tsmc
TSMC UPDATE
Almost 3 months since this posted, I re update this because of the tension on Taiwan.
Are we seeing bullish now, I heard a lot of noise on taiwan semicon industry are lossing on its value at taiwan because of more layoff job, more foreigner being deported because of the tension.
Trade base on your own decissions, This is not a financial advice.
Follow for more free ideas..
TSMC, 10d+/61.18%rising cycle 61.18% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
TSMCTaiwan Semiconductor Manufacturing Company (TSMC) is a global leader in semiconductor manufacturing, providing foundry services to some of the biggest names in the technology industry, including Apple, Qualcomm, and Nvidia. The company is headquartered in Taiwan and has manufacturing facilities in Taiwan, China, and the United States.
Im still bullish on This stock.
Several factors have contributed to TSMC's success, including its dominant position in the semiconductor foundry industry, its ability to produce advanced chip technology, and its partnerships with major technology companies. TSMC has also benefited from the increasing demand for semiconductor chips in various industries, including smartphones, automotive, and artificial intelligence.
Trade base on your own decissions.
TSMC to break higher?Taiwan Semiconducotor - 30d expiry - We look to Buy a break of 83.72 (stop at 81.28)
Short term momentum is bullish.
In our opinion this stock is undervalued.
83.63 has been pivotal.
A break of the recent high at 83.63 should result in a further move higher.
We are trading at oversold extremes.
This is curremtly an actively traded stock.
Our profit targets will be 93.93 and 94.93
Resistance: 83.63 / 87.50 / 91.94
Support: 78.50 / 76.00 / 72.84
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Head And Shoulder (NASDAQ) and a few reasons to remain bullish.Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech earnings preview report).
Ahead of the fundamental data dump, it’s worthwhile to revisit the index’s outlook from a sentiment and technical perspective:
Ultimately, the NASDAQ 100’s near-term performance will hinge on how investors interpret the Big Tech earnings season, starting with Netflix’s highly-anticipated report this afternoon. That said, the balance of the positioning, technical, and fundamental forces still suggest the index is in a bear market, and traders are likely to fade any near-term rallies at least until prices can break durably above 13,000.
Also anyone who spent countless hours on trading and analyzing would easily see this Head And Shoulder Pattern.
We see S&P500 is very bullish with recent tech innovations. TSMC to up Arizona investment to $40 billion with second semiconductor chip plant
The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand.
The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August.
President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing
Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion.
The company will also announce it will be producing more technically advanced chips than originally proposed. The investment by TSMC is one of the largest foreign investments in U.S. history, and the biggest in the state of Arizona.
Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. The Covid-19 pandemic shined a bright light on U.S. dependence on Chinese manufacturers as lockdowns led to a global shortage of the high-tech chips.
TSM in an ascending triangle.Taiwan Semiconducotor - 30d expiry- We look to Buy a break of 83.22 (stop at 79.92)
Prices have reacted from 59.44.
Short term momentum is bullish.
Price action has formed a bullish ascending triangle formation.
A break of the recent high at 83.18 should result in a further move higher.
Our outlook is bullish.
Our profit targets will be 91.48 and 92.48
Resistance: 83.20 / 84.00 / 88.00
Support: 81.50 / 79.50 / 76.20
Disclaimer – Saxo Bank Group.
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TSM ShortTSM has created gap galore on its rally up. with the vix down at 20, indices at resistance, the 4 gaps created, RSI over cooked at 80 and a wedge created, id say a breakdown below wedge trend line around 80 and you'll see the first gap fill at least at 77then 72. big sell volume come at the top of this last run too.
SMH ETF (Global Semiconductor’s trend”..20/Oct/22VanEck ETF which “tracking /invest” on 25 global major semiconductors stocks. Probably found its “base” @ around 148.90 - P/s. Probably the “next recession” might be caused by “geopolitical tensions” cause by 2 big brothers..A kinds of “wars e.g chips war, trade war, or “actual war”....” Probably an “Imposed /sanctioned by” a “freedom democracy/free trade” country toward “a so called not a democracy country”..
MU will test resistanceIn regards to comparing net income to market cap between the big semi-conductor teams, MU looks the best. TSM is awesome but if there's a war with China I don't want to deal with blockades while US semi-stocks sour out the sky after we subsidize when we lose Taiwan.
Test 70 resistance
Probably purchase 50-55 c calls deep in the money and sell 70-80 c calls and collect off the volatility
Taiwanese Semiconductors: Piercing Line Visible on the WeeklyWe have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
$TSM Taiwan Semiconductor Manufacturing WYCKOFF$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP.
Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up.
$TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above.
So far, this stock has not shown any signs of reversal, however $TSM is a giant in chip manufacturing. TSM makes $aapl chips and with ongoing shortages they are well positioned for advantage as these tech giants add autonomous driving to their business plans. Financially they are well positioned for growth in the years to come.
TSM - New Growth Cycle with 100% Potential?Is the world leading chip maker TSMC about to start a new growth cycle?
Fundamental indicators:
Revenue and Profits - exponential growth
Profit margin - is at circa 37%, impressive figure considering the growth levels
P/E - reasonable at 23x
Liabilities - no problems there
Risks:
Recession - is not likely to have a big impact on TSMC as demand on its products keeps growing, but it may impact share prices when the market starts correcting
China tensions - this is the highest risk to stability and future of this business which is difficult to assess but it certainly needs to be taken into account
Technically:
Following correction of 2020 there was an explosive growth in the share price of TSMC which indicates that it was wave 3 using Elliott Wave analysis
And looking at the structure of the correction that has developed since the peak - the impulse like movement at the end suggests it is an Extended Flat
At the lower time timeframe it is visible that the fifth wave of this impulse is quite choppy which indicates that ending diagonal is developing and soon there will be a reversal
Given the depth of the forming wave 4 is 50% (using Fibonacci level) the fifth wave maybe not as explosive and may reach $150 to $190, which is impressive 100% jump from the current price level
Alternative scenario - there is a possibility that wave 4 has not completed yet and it may drop further, however, at the moment it looks unlikely
Do you think that TSMC is going to start another impressive bull cycle?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
All the relevant levels on TSMTSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart.
* Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a flag pattern and a decline of 24.33%
* Flag patterns are continuation structures; this means that after the breakouts, we tend to observe new impulsive movements in the same direction as the previous one.
What we will do now is explain possible bullish and bearish resolutions based on the levels we have:
BULLISH SCENARIO: The price has 3 levels we can use to consider closing positions: First fibo extension, cloned channel, second fibo extension (useful for swing and position traders). Assuming the price replicates the previous impulse that started in April 2020 and finished in February 2021, we should expect a movement of 330 days towards 204 (where the 2nd fibo extension and the cloned channel converge). Remember that when you are looking for big and extended movements you need to be open to corrections during your trade or investment (for example, on key levels)
BEARISH SCENARIO: The price is not able to surpass the resistance zone created by the previous ATH, and from here we observe a bearish movement towards the next target we have, "The ascending trendline) at around 119
Thanks for reading! feel free to add your ideas on the comments ;) Have a great weekend.
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
TSMC To Produce Chips In Japan By 2024 In Deal With SonyThe deal worth USD 7 bn establishes joint venture company Japan Advanced Semiconductor Manufacturing.
TSMC's board of directors officially approved plans to build a chip factory in Kumamoto Prefecture, its first-ever Japanese plant. Sony is set to invest USD 500 million and will hold no more than a 20% stake in the joint company, according to a statement released on Tuesday. The project will be Japan’s largest financially supported endeavor for a foreign-controlled company with billions of Japanese Yen in subsidies. It will create 1,500 high-tech professional jobs in Japan with the construction of the chip plant scheduled to begin in 2022 and production slated to begin in 2024. TSMC already has a plant in Nanjing and is currently constructing a plant in Arizona in the U.S. with considerations to build a new chip facility in Germany.
The semiconductor industry has been a top priority for many nations grappling with recent supply chain shortages. Japan’s response to the crunch is a framework for subsidies that allows companies to build chip factories in the nation. The conditionality is that firms must respond to requests for increased production and prioritize supply to domestic companies should supplies of semiconductors become tight. Sony specifically is TSMC’s biggest client in Japan making the deal quite worthwhile for both ends. The plant will produce state-of-the-art 7-nanometer chips as well as less advanced but versatile 22- to 28-nanometer chips.
TSMC was founded in February 1987 by Zhang Zhongmou and is headquartered in Taiwan. It is a professional integrated circuit manufacturing server with the world's most advanced semiconductor technology.