TSMBREAKOUT RESISTANCE TRENDLINE , MIGHT BACK TEST TARGET 125 STOPLOSS BELOW 107. EMA STILL NOTABOVE MA 50
TSM/N trade ideas
$TSM descending triangle - what do you think? Up or down?Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish.
TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid?
I lean towards bullish as the 200ma approaches but the technicals on paper say otherwise.
Descending Triangle On $TSMTaiwan has finally caught corona, and it doesn't seem like they will get it in control in time.
I am targeting a price of 80 if the situation does explode. Volume shelf showing a lack of liquidity between current price and that level.
This pattern is shared across AMD and UMC as well (AMD dependent on TSM, UMC also located in Taiwan), but less so in other semi companies.
TSM Opportunity along with Semiconductors.$TSM: Currently in a falling wedge pattern, demand zone at 103-109 has been key support for this name. Break above 114 with good volume/momentum will see this one move into the upper Fib extensions in the supply zone. Targets around 120-124 within the next 1-2 weeks. We are bullish on Semiconductors tactically with this inflationary climate. Setup is invalidated if it breaks/consolidates below 107.
Will it bounce off $107-$108? Or dip to $102?Diminishing downward momentum. Could see short term bounce off at key level $107-$108.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
TSM Range till breakdown - Watch out Below!!!Watch the gap to feel below
How much revenues have semiconductors lost due to shortage
Big summer 'reevaluations' about TSMC summer 2021... get the popcorn ready!!!
Liquidity will leave markets, as summer sine wave emerges; watch for pockets of inflation burst... #crypto!!!
r/r 2.69
t/p 93
s/l 120
Trade the range until breakout gap to fill @ $93
Willing to bet if you put TSMC stock price relative to USDTWD you might get a hint
Wuhan had help...Karma time!!! nanotech
SarsCov will shut down Tainan, Taipie, Hunshu FAB production in weeks, along with other 'truths'
Sell in may go away
Taiwan Semiconductor TSMC (NYSE:TSM) reports April revenue rose 16% Y/Y and -13.8% M/M to NT$111.315B.
YTD revenue advanced 16.5% to NT$473.725B.
Bearish Triangle $TSMI am currently short $TSM, the weekly and daily charts were forming a symmetrical triangle consolidation. Price broke below and could drop as low as $107, price target is marked with the horizontal yellow line.
TSM US STOCK, Price Action Analysis By Hamza Ali This stock is been in a super uptrend for a while now, right now it is some type of correction phase, we can look for shorting opportunities if it close below the mentioned support zone which will lead us to the bottom of the descending channel. But if we see a bullish close above the mentioned resistance zone it will lead us to a bull run to the all time highs.
TSM correctionA simple observation: TSM has been tracing a textbook desending triangle following the recent ATH. Commonly considered overvalued (despite prevailing chip demand), it would surprise few to see a 10% correction down to the 103 support level.
TSM has a good upward potentialTSM as semiconductors should have a good upward movement.
Chart for TSM looks good to make the next move up again.
Speed Analysis Indicates a Year Ahead without Much GrowthTSM is an excellent stock when it comes to the fundamentals of the company, yet, it has experienced a major slowdown recently. Analyzing the speed of the growth based on the latest two major bullish trends, the COVID-19 trend and the one before it, one can identify the median range where we stand right now. The Fibonnaci Speed Fan analysis also takes into consideration the exponential growth starting this year and uptil a little after the GameStop squeeze, showing that it was in the normal, albeit high-end range of operation of the COVID-19 trend. Since the highest point was hit in February, now gravity is pulling us back towards the pre-COVID19 levels, and not only the pre-GameStopSqueeze ones.
There's another major factor at play here: the Chinese market. Comparison with GLOBALPRIME:CHINA50 , as indicated in the chart, shows that TSM is faring better than, while being heavily influenced by, the market condition in China. Given my analysis before regarding the Chinese market, I believe we are now in the normal pre-COVID 19 range of operation and we are not witnessing a bear for now.
For TSM, I don't see a bear either given the company's excellent profile. However, the stock price is not yet in the pre-COVID19 range, as it's stuck in the median trend. This should change given the lack of momentum arising from market saturation. My estimation of a price target is around 130 for April next year, when the current flattening meets the pre-COVID19 trend line..
TSM Analysis $TSM | #Analysis | #StockMarket
Price Target 134.22 🎯
Inverse Head & Shoulders ✅
Ascending Triangle + Smaller Symmetrical Triangle ✅
Entered into Demand with Bullish Hidden Divergence ✅
RSI Curling above 50 on Increasing Volume ✅
Entry on Break of 121 with Confirmation ✅
Invalidated below 113.70 ❌
