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 ❌
TSM/N trade ideas
TSM inverse head & shoulders pattern On the daily time frame $TSM has a bullish inverse head and shoulders pattern forming, the neck line is right at that 119.16 level. As you can see price closed testing that 21 EMA. Volume will play a big roll here since the 21 & 50 ema are sacked on top of each other, price action shows no bears in that previous closing candle, imo I like to see candles closing within 5% of the HOD.,For me its an indicator as to how bullish the set up is.
TSM - STOCKS - 05. APR. 2021Welcome to our weekly trade setup ( TSM )!
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4 HOUR
Bullish market pressure.
DAILY
Expecting more upside price action.
WEEKLY
Market still oversold, great long entries!
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STOCKS SETUP
BUY TSM
ENTRY LEVEL @ 124.09
SL @ 112.11
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
$TSM with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TSM after a Negative over reaction following its earnings release placing the stock in drift C
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TSM - Taiwan Semiconductor C.Everyone needs chips and they .... are not!!!
TSM, the chip giant that also manufactures AMD with a slipped price.
Financial results exceeded expectations.
Corrections in excess of 20% have not offered us much in the past.
But what about the fundamentals? TSM is investing in technology, and the fact that AMD manufactures its 7 nm chips, which Intel (INTC) is still unable to produce, is a good sign of the quality of their factories. Cooperation between TSM and AMD seems to be great, as AMD has long been ahead of the INTC. And it also produces GPUs, unlike INTC. As soon as Intel starts making 7 nm chips, these guys will spit 5 nm on the market. Yes, Intel has a new director, but the changes in such a huge company will not take effect so quickly. I bought both AMD (thank you for today's 6% +), also TSM.
It is a long-term strong company in an industry in which demand will increase. If the price falls, then buy.
I'm in at 117.20,
Thanks AMD & TSM for your work!!!
Taiwan Semiconductor Q1 earningsTaiwan Semiconductor Manufacturing (TSM) reported Q1 March 2021 earnings of $0.96 per share on revenue of $12.9 billion, P/E = 35.75. The consensus earnings estimate was $0.95 per share on revenue of $12.9 billion. Revenue grew 25.4% on a year-over-year basis. The company said it expects Q2 revenue of $12.90 billion to $13.20 billion. The current consensus revenue estimate is $13.15 billion for the quarter ending June 30, 2021.
R3 = $128.97
R2 = $126.55
R1 = $124.13
pivot = $121.59
S1 = $119.17
S2 = $116.88
S3 = $114.46
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TSM looking to complete Inverted Head and SholdersTSM Looks to be about to complete an Inverted Head and Shoulders pattern on the 4hr time frame. A break of the trend line and hold should be a good entry. A break of 123.50 would be the super safe entry. Neckline to head is roughly 13pts, so the expected move from the neck to completion should be the same which would put our High End Price Target at roughly 134(right near a resistance) with 126.50 being our intial price target. Currently a safe contract would be a June 18 2021 Call, strike dependent on your capital and risk tolerance.
TSM (NYSE) - Go Up
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Pra Trading :
- Please care for Money Management
- Have a good psychology
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- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
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c. Target of Profit
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Idea :
TSM (NYSE) - Go Up
Short term pullback or towards Fib 0.5?It has been trending down since Feb 16th. And finally showing a big bull candle break through trend line.
Two scenarios:
1) Continue to rise and test resistance at $121. If it breaks, then the correction is done. And the begin of Wave 5.
Or
2) If next couple of days it shows us bearish candles, retest previous low of $108 and failed to hold, we will see further retrace to Fib 0.5 $96 or the next support at 200 Moving Average.
Final thought: MACD is negative and no momentum. RSI is low and tilting up a little. But something fishy about the relatively low volume the day the big green candle punched through trend line,
TSM might be heading down more until the big guys shake off all the bag holder.
$TSM 3/26/2021Tech went through a nasty correction. I believe the correction may be over most tech stocks are trending to oversold.
The case with TSM is they have corrected back to key levels and are oversold on the RSI. And SQZMOM Bear and MACD both show a trend to positive upside.
On Friday they closed over $115.81 and that's a good sign to bounce back to the next resistances $120.87 $124.96 $129.05 $134.87 $142.28
Worst case scenario it falls back under the most recent support at $115.81 then tests $107.63 then $103.38 after $103.38 is danger zone.
Earnings Call is April 15th and i expect them to beat expectations and they have a history of performing true to earnings. So could have a sharp move north if good earnings are announced.