TSM trade ideas
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 ❌
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.
EMA Weekly as supportVery nice long term test of its EMA 21 Weekly, which corresponds to the 0.618 retracement.
TSM - Bullish Breakout From Symmetric WedgeTSM is showing bullish growth.
Use the support trend line as a stop loss and conservative trail stop
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
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 analysts motives
Emotions & Opinions
FOMO : bad timing
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
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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
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
TSM (NYSE) - Go Up
