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Taiwan Semiconductor Manufacturing Company Ltd.

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TSM trade ideas

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
TSM about to go thud.Here we have the weekly bars. It clearly shows that TSM has quite a lot of fat on it's bones as evidenced by the 200MA. Normally, I'd give this pattern a pretty good chance at forming a cup and handle, but I think the market is intent on breaking that handle right the hell off. It's reasonable to expect it to retrace down to either the MA or more likely just to the support line around $108. If you chart out the daily bars it'll show you a similar scenario, albeit less clear than the weekly bars. I think the market in general is selling earnings releases regardless of what they say. This is evidenced by TSM's recent earnings statements which were sold. It reminds me of a "pump and dump" where the stock is ran up with the full intent of unloading it to unsuspecting buyers who think it'll respond favorably to the good earnings release.
NYSE:TSMShort
by digital_precision
TSM has dropped for no logical reasonNYSE:TSM The price is down 10% for no reason other than fear. There has been no loss of intrinsic value since the peak on the 14th of Jan. Similar to ADBE, CRM, HIMX, ESTC and ARKK, to name a few, the big Friday options expiry has caused panic among retail traders and they have sold their positions. The prices should rebound as fear over the S&P dropping 50% subsides. Personally I wouldn't buy at this moment as the price could fluctuate between the 140-100 mark (risk/reward ratio of 0.9 makes it a fair gamble). However, I would suggest keeping an eye on this stock because intrinsic buyers will most likely buy back into their positions.
NYSE:TSM
by UnknownUnicorn32021811
TSMC, the cup is formed. Shall we wait for the handle?The OG chipmaker raking in record profits and beating expectations! Upon the positive result announcement, the price gap up but closed with a slightly disappointing shooting star. Yet, Friday's (14 Jan 22) closing tells us that buyers are still willing to pay a higher price for TSM and the price manages to close at all-time high. Price technically close above the previous resistance level, but it is not convincing enough. We shall have to prepare for a potential retracement AKA "the Handle" of the recently formed "Cup". There are two possible ways to play this. 1) The Dollar Cost Average way. You will use the previous support level, 145, as a focal point. That is to say, your stop loss and risk management will be based on that level. This is because, if the price manages to break below previous support despite good earnings, then there is very little reason to be holding on to this. From a supply/demand perspective, there are overwhelming supplies for the price to move up smoothly. However, as long as the price is above this support level, a higher low can be formed and the price will go higher. But since we do not know where the higher low will be, we will place our position in small batches as the price retrace lower, instead of one big position at the current price. Of course, you should still plan out the maximum limit of your intended position to work out your overall risk. The first batch of your positions could be at the current price to ensure you can still capture something if the price continues to head higher. This option requires holding power as you will most likely be buying to declining and/or sideways price action. 2) Wait for a higher low (the handle) to form first As the previous support level is too far from the current price, it is better to wait for the higher low to form first. Once a higher low has been formed, you can take the trade with one big position with relatively safe assurance that the higher low will hold. As with option 1), there is no way to know where the higher low will be, thus you will have to depend on price action and candlestick reading to determine this. This option has a higher risk as if you predict the higher low wrongly, it could result in a losing trade. However, the reward is also higher as you will be able to get a precise entry without the need for averaging down. Option one has more room for error at the cost of requiring better holding power. You might also not have the opportunity to enter the full position as intended as you are slowly spreading them out. This could result in lower profits. Option two requires more precision and not much room for error. However, it rewards you with a much better entry position without needlessly spreading your seeds.
NYSE:TSMLong
by NimbusCapital
All the relevant levels on TSMTSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a flag pattern and a decline of 24.33% * Flag patterns are continuation structures; this means that after the breakouts, we tend to observe new impulsive movements in the same direction as the previous one. What we will do now is explain possible bullish and bearish resolutions based on the levels we have: BULLISH SCENARIO: The price has 3 levels we can use to consider closing positions: First fibo extension, cloned channel, second fibo extension (useful for swing and position traders). Assuming the price replicates the previous impulse that started in April 2020 and finished in February 2021, we should expect a movement of 330 days towards 204 (where the 2nd fibo extension and the cloned channel converge). Remember that when you are looking for big and extended movements you need to be open to corrections during your trade or investment (for example, on key levels) BEARISH SCENARIO: The price is not able to surpass the resistance zone created by the previous ATH, and from here we observe a bearish movement towards the next target we have, "The ascending trendline) at around 119 Thanks for reading! feel free to add your ideas on the comments ;) Have a great weekend.
NYSE:TSM
by ThinkingAntsOk
3
Taiwan Semiconductor earnings on 1/13 at 6amTaiwan Semiconductor Manufacturing ADR (TSM) Q4 earnings are on Thursday 1/13 at 6am. TSM reported Q3 September 2021 earnings of $1.08 per share on revenue of $14.9 billion. Revenue grew 22.6% on a year-over-year basis. TSM said it expects Q4 revenue of $15.4 billion to $15.7 billion. TSM technicals have been "rangy" the past year. What strikes me at this point in time is that the 100SMA, 150SMA & 200SMA have consolidated tightly together now at $117ish. This could become a very strong support area, plus it could point to an impending breakout to the upside if earnings are positive. Here's the price levels on the 1-day chart: Q4 December 2021 Consensus: EPS = $1.14 Revenue = $16.10B P/E = 31.39 Div /Yld = 1.198 52 week high = $142.20 52 week low = $107.58 SMA200 = $117.47 SMA150 = $117.66 SMA100 = $117.72 breakout = $136.42 R3 = $132.77 R2 = $129.11 R1 = $125.46 pivot = $121.80 S1 = $118.15 S2 = $114.50 S3 = $110.84 breakdown = $107.19 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 www.tradingview.com
NYSE:TSMLong
by Options360