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
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