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TSMC34 trade ideas

#TSM mid term AnalysisAs we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of the world chips manufacturer market. since the July spike the price of #TSM has been trading at a side chanel from 108 usd to 125 usd, in case of a breaking of the 125 resistance at the edge of the accumulation channel, we can expect the price to travel smoothly to a) level target and so on, but in case of breaking the 108 support level we may see bears will take control to the oranges mark supports. As expected due the economic enviroment right now, lets expect a lot of volatility but thats ok, dont forget you are sitting on a value stock, the stop loss is stretched due volatility.
NYSE:TSM
by dondanicorleoni
TSM - Swing TradingChart Setups: - hourly timeframe - using my script "Relative Volume + ATR Strategy" to plot out significant price areas, assume they are areas of support/resistance (Orange lines) Bias: Long. However, expects price rejection at 120. If the breaks out of 120, then at most it will re-test 126 before coming back down to one of those orange lines. Analysts having been putting 130-150 targets on TSM, but this stocks always get sold off during first hours of opens. When looking from daily chart, this stock trades sideways. So instead of HODL'ing, a swing trader may see this as an opportunity for periodically selling an existing position (or shorting), followed by re-entering the trade (or covering). Execution / Trade Journal: I averaged down on TSM over the past week. My average cost was 112 on the day that the stock gapped up to 115.6. Sold off a portion of my holdings during the first hour of market's opening to adjust the weights of my portfolio. Currently, I still hold half the number of shares acquired. Replicating the trailing stop-loss set by the strategy (refer to the plotted green line) with a stop-limit order, I manually adjust the stop-loss-price upwards whenever I notice price traded at a new high. My current stop-loss is at 117. If stopped out (while still taking profits), then I will re-enter the trade at a price ideally lower than the triggered stop-loss-price.
NYSE:TSMLong
by DojiEmoji
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