$TSM 1HR GAP FILL to the upside$TSM 1HR GAP FILL to the upside
What are your thoughts?
Thanks,
Kelly
TSM trade ideas
TSM: Retracement Before Moving LowerTSM - Short Term - We look to Sell at 115.52 (stop at 120.62)
We look to sell rallies. Continued downward momentum from 142.00 resulted in the pair posting net daily losses yesterday. Previous support, now becomes resistance at 116.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 116.00, resulting in improved risk/reward.
Our profit targets will be 104.00 and 101.40
Resistance: 115.00 / 120.00 / 130.00
Support: 105.00 / 100.00 / 95.00
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Looking to buy a bit lowerPrice should be on its way to retest the support! So I will wait to see if it gets there and then will act according to price action ! Too early to buy a great company in my opinion!
TSM
update to my previous analysis
it seems it is still accumulating.
my previous entry was profit & i thought it was going to continue markup
time to look for timing & initiate a new position
TSM about to go thud.Here we have the weekly bars. It clearly shows that TSM has quite a lot of fat on it's bones as evidenced by the 200MA. Normally, I'd give this pattern a pretty good chance at forming a cup and handle, but I think the market is intent on breaking that handle right the hell off. It's reasonable to expect it to retrace down to either the MA or more likely just to the support line around $108. If you chart out the daily bars it'll show you a similar scenario, albeit less clear than the weekly bars.
I think the market in general is selling earnings releases regardless of what they say. This is evidenced by TSM's recent earnings statements which were sold. It reminds me of a "pump and dump" where the stock is ran up with the full intent of unloading it to unsuspecting buyers who think it'll respond favorably to the good earnings release.
maybe a cup and handle this stock builds also maybe a cup and handle formation.
the fundamentals are very strong at the moment.
Buy now allows for a very good profit to loss ratio.
It is over 6.6
TSM has dropped for no logical reasonNYSE:TSM
The price is down 10% for no reason other than fear. There has been no loss of intrinsic value since the peak on the 14th of Jan. Similar to ADBE, CRM, HIMX, ESTC and ARKK, to name a few, the big Friday options expiry has caused panic among retail traders and they have sold their positions. The prices should rebound as fear over the S&P dropping 50% subsides. Personally I wouldn't buy at this moment as the price could fluctuate between the 140-100 mark (risk/reward ratio of 0.9 makes it a fair gamble). However, I would suggest keeping an eye on this stock because intrinsic buyers will most likely buy back into their positions.
$TSM DOUBLE TOP ACTION-We rejected off resistance off $182.47 now we are looking to go lower
-This will run w the rest of the market
$TSM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TSM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
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$TSM OPTIONS :)-Keeping it very simple playing based off those 2 supply and demand zones
-If we go calls there's not too much room to run
-I'm more on the puts side of this as we notice the bearish pressure on the Daily chart
- WE ALSO HAVE A GAP TO FILL BELOW $136.28
$TSM | WEEKLY WATCHLIST 1/18$TSM 1D
Above $145, we can see continuation to $149-150 to complete wave 3.
TSMC, the cup is formed. Shall we wait for the handle?The OG chipmaker raking in record profits and beating expectations!
Upon the positive result announcement, the price gap up but closed with a slightly disappointing shooting star. Yet, Friday's (14 Jan 22) closing tells us that buyers are still willing to pay a higher price for TSM and the price manages to close at all-time high.
Price technically close above the previous resistance level, but it is not convincing enough. We shall have to prepare for a potential retracement AKA "the Handle" of the recently formed "Cup".
There are two possible ways to play this.
1) The Dollar Cost Average way.
You will use the previous support level, 145, as a focal point. That is to say, your stop loss and risk management will be based on that level. This is because, if the price manages to break below previous support despite good earnings, then there is very little reason to be holding on to this. From a supply/demand perspective, there are overwhelming supplies for the price to move up smoothly. However, as long as the price is above this support level, a higher low can be formed and the price will go higher. But since we do not know where the higher low will be, we will place our position in small batches as the price retrace lower, instead of one big position at the current price. Of course, you should still plan out the maximum limit of your intended position to work out your overall risk. The first batch of your positions could be at the current price to ensure you can still capture something if the price continues to head higher. This option requires holding power as you will most likely be buying to declining and/or sideways price action.
2) Wait for a higher low (the handle) to form first
As the previous support level is too far from the current price, it is better to wait for the higher low to form first. Once a higher low has been formed, you can take the trade with one big position with relatively safe assurance that the higher low will hold. As with option 1), there is no way to know where the higher low will be, thus you will have to depend on price action and candlestick reading to determine this. This option has a higher risk as if you predict the higher low wrongly, it could result in a losing trade. However, the reward is also higher as you will be able to get a precise entry without the need for averaging down.
Option one has more room for error at the cost of requiring better holding power. You might also not have the opportunity to enter the full position as intended as you are slowly spreading them out. This could result in lower profits.
Option two requires more precision and not much room for error. However, it rewards you with a much better entry position without needlessly spreading your seeds.
TSM: everybody wants a piece of TaiwanTaiwan is rich hunting ground for semiconductors manufacturing and with the increasing demand for chips and gpus prices will go higher. No wonder China wants to invade it and make it and its own territory. From a technical standpoint the chart looks great: hitting new ATHs with high volume. I expect it to go a lot higher.
TSM PutLooking to play puts no the way down. Waiting for MACD on the daily to show us a light green bar and start of reversal and then we'll head down to fill the gap. RSI is also super overbought so TSM needs to come down and breathe for a few days
trying to breakout! on watch next week 🚨tsm attempting to break strong resistance, if it breaks and holds above my targets are 157.62-174.3, if if rejects and starts pulling back look for dip entries near 110-120.
like and follow for more! 💘
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.
TSM Attempting BreakoutTSM gapped up yesterday on better than expected earnings report
Made a new All Time High but closed below it because of weakness in SPX
Either get in on a confirm breakout OR wait for a gap fill at 132~
Huge volume yesterday, way above 50 Day Standard Volume
clear shotchart was predicted before time and added to my portfolia within time so if u want more follow me
TSM LongTrendline break + retest
Entry 120
Stop 115
Target 140
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Taiwan Semiconductor earnings on 1/13 at 6amTaiwan Semiconductor Manufacturing ADR (TSM) Q4 earnings are on Thursday 1/13 at 6am. TSM reported Q3 September 2021 earnings of $1.08 per share on revenue of $14.9 billion. Revenue grew 22.6% on a year-over-year basis. TSM said it expects Q4 revenue of $15.4 billion to $15.7 billion. TSM technicals have been "rangy" the past year. What strikes me at this point in time is that the 100SMA, 150SMA & 200SMA have consolidated tightly together now at $117ish. This could become a very strong support area, plus it could point to an impending breakout to the upside if earnings are positive. Here's the price levels on the 1-day chart:
Q4 December 2021 Consensus:
EPS = $1.14
Revenue = $16.10B
P/E = 31.39
Div /Yld = 1.198
52 week high = $142.20
52 week low = $107.58
SMA200 = $117.47
SMA150 = $117.66
SMA100 = $117.72
breakout = $136.42
R3 = $132.77
R2 = $129.11
R1 = $125.46
pivot = $121.80
S1 = $118.15
S2 = $114.50
S3 = $110.84
breakdown = $107.19
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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Retesting the HighThe January spike up has been corrected but the Fibonacci 50% has been bought immediately. Consequently the following rise may become a retest of this January high. The momentum is increasing.
