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!
TSMC trade ideas
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 .
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
Missed OpportunityLast summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories.
I followed the stock for a little while and then gave up, only now following up.
Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I actually thought it was to good to be true as the TSM and EDU (both NYSE) were the only stocks that appeared in the results.
EDU went from $22 to $34 in about 6 months. Wow, I have to believe!