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TAIWAN SEMICONDUCTOR MANUFACTURINGTAIWAN SEMICONDUCTOR MANUFACTURINGTAIWAN SEMICONDUCTOR MANUFACTURING

TAIWAN SEMICONDUCTOR MANUFACTURING

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TSM/N trade ideas

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
NYSE:TSMLong
by vitalalyt
TSM looking for a bottom Good afternoon traders, Today I am updating my TSM analysis...I have exited completely from trade but will look for another entry point...We have filled the GAP at the $93 area and are currently sitting on resistance turned support at $91.50ish area...It has had an 11% move to the downside in the last 5 days so I can see this moving up possibly back to the .236 at the $98ish range before a bigger move down...All in all the entire semi conductor sector is weak with no end in sight so I can see this moving down to the $77 to $83 range before it possibly finds a bottom...Let me know what you think in the comments below...As always Happy Trading!!!!!!!
NYSE:TSMShort
by QuandaleDingleOG
TSM - 5th leg down, 3 drive pattern SHORT CITYIt is in my humble opinion TSM is looking at a rather large drop looming ahead - symmetrically the pattern meets the harmonic qualifications as well as the elliot wave theory macro wave iterations. It is possible TSM will make a small shoulder before breaking the $100 price level - should it break this level and close below I believe it will be a swift fall to the $85 level, however if it wasn't "quick" the position I hold does allow for some time. Trade: 6/17 exp $85 PUTS @ 1.17 on 4/1 - currently trading at 1.62 at time of post
NYSE:TSMShort
by arich1282
2
Earnings this weekEarnings this week 4/11-4/15. Here's a YTD comparison so far up till 4/11: 4/13 earnings DAL JPM BBBY RENT 4/14 earnings TSM UNH GS MS RAD ERIC YTD comparison BBBY +28.43% UNH +7.75% DAL -4.1% ERIC -12.21% MS -14.06% JPM -15.59% GS -15.86% TSM -18.82% RENT -35.81% RAD -48.23% 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... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:TSM
by Options360
2
$TSM Potential Reversal at Resistance$TSM broke down from a massive range / double top. After price peeked back into the range and above the 20-day, it reversed and closed below both after today's action. This deviation likely leaves a lot of bulls offsides (bull trap) which could fuel a selloff in the stock. There's no reason to believe that Apple is planning on moving away from TSM or that there will be a Chinese invasion of Taiwan, but price typically precedes news. The US is aggressively funding semiconductor fab domestically, which leaves TSM at a disadvantage. The stock may just be correcting to account for perceived increased geopolitical risk. Whatever the reason, the chart is showing weakness. With the Nasdaq overbought and selling off today, now may be a good time to take a short on TSM. I'm short at $107.10 with a stop loss at $109.76.
NYSE:TSMShort
by mroberts1204
<<Weinstein Stage Analysis>>Hey folks! Welcome to my post on Weinstein Stage Analysis on TSM. Background: Stage Analysis is a topic Stan Weinstein discussed in his book from 1988 “Secrets for Profiting in Bull and Bear Markets“, where he details his classic four stage breakout method for identifying the best quality stocks to buy and sell in any market environment. Stage 1- The basing: Stage 1 occurs when a stock bottoms and forms a horizontal consolidation. New shareholders replace the old ones, in turn replacing fear with hope that will eventually turn into greed. Accumulation tends to speed up near the end of the pattern, triggering a set of higher-than-average volume spikes that show enthusiastic buying interest. On-balance volume (OBV) and other accumulation-distribution tools bottom out with price and turn higher, reflecting the newly bullish technical outlook. Watch closely when these indicators show greater upside than price action within the base, because this can signal an impending breakout that sets off Stage 2. Stage 2 - The Advance: Stage 2 occurs when the price has broken out of the consolidation in stage 1. It triggers a bullish uptrend where the price stays above the 30 Week MA. You will also notice that the stock will outperform the S&P 500 during this stage. Stage 3 - Consolidation: When the price of the stock crosses below the 30 Week MA, it is safe to assume that stage 3 is happening where the price is in a long consolidation. The price of the stock fails to reach higher highs and the stock tend to underperform the S&P 500. Stage 4 - Decline: Stage 4 typically occurs when the price of the stock breaks below a long term support during the stage 3 consolidation. It usually starts with high volume and ends in low volume. Short positions taken early in a downtrend carry higher risk and higher reward than late in the decline. Conclusion: Stan Weinstein's stage analysis is a very powerful tool for longer term trading (mainly on the weekly chart) and risk management. Another great example using the Weinstein stage analysis is PYPL where you can clearly see the stock following the stage analysis patterns.
NYSE:TSMEducation
by kenhuangsy2
1
Taiwan Semiconductors are losing favor. TSMImmediate targets 110, 104, 100. Invalidation 158. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:TSMShort
by Rykin_Capital
Bad news for TSM????Hello Traders, Today I am covering TSM on a chart analysis...There is no fundamentals on this yet but here goes...Over the last year TSM has been in a consolidation phase which spiked in Jan of this year...Since that spike we are down 28% and have broke a very important support line at the $108ish area to the downside... We are sitting in -MACD with separation from the 9 EMA signal line as well as a bounce off of the 30 RSI overbought levels with a cross of the signal line to test the 50 RSI...What I see materializing IMO is that this retests the support turned resistance line at the $108ish area...If this breaks up then we wait BUT if this breaks down from this point we definitely move in to fill the GAP starting at the $95ish area with a potential move to the downside of 12 to 24% based on price targets...Let me know what you think in the comments below...Happy Trading!!!!!!
NYSE:TSM
by QuandaleDingleOG
2
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 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:TSMShort
by Saxo