TSM trade ideas
TSM - EW analysis - correction down TSM - It is already completed the impulse upside and now correcting downside. Expected to bounce little more before it start falling down.
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TSM over 127.58After a nice climb TSM has pulled back and looks to be breaking from this descending channel. Entry over recent high shown here will confirm a breakout.
TSMC - Carmakers’ massive chip shortage. Will Tesla be affected?1. The company (TSMC) is working on an atomic scale that no other manufacturer can match, with 20% of its Q4 revenue being driven by 5nm chips. Intel is falling behind the innovative curve that TSMC is setting. Intel is currently working on manufacturing 7nm transistors, putting them at least 3 years behind TSMC’s capability. (src: Yahoo News January 16, 2021)
2. The company (TSMC) released record quarterly results on Thursday with 22% YoY sales growth and 33% YoY EPS appreciation illustrating substantial margin expansion. Its biggest topline drivers of 2020 were smartphones, high-powered computing, and IoT devices. The biggest and baddest chip innovators like Nvidia NVDA, Broadcom AVGO, Qualcomm QCOM, Intel INTC, and even Apple AAPL all utilize TSMC's cutting-edge manufacturing. (src: Yahoo News January 16, 2021)
3. A Year of Poor Planning Led to Carmakers’ Massive Chip Shortage. Near-sighted planning, supply-chain complexities and a tradition of keeping inventories low caused the semiconductor shortage that is now forcing carmakers to idle production lines and straining their relationship with chip manufacturers. (src: Bloomberg January 19, 2021)
4. Not sure Tesla is affected by this chip shortage so do watch out for this news.
5. This is not an advice to buy or sell as only time will tell this analysis is true or false.
6. Have a safe journey.
$TSM with a bullish outlook following earning releaseThe PEAD projected a bullish outlook for $TSM after a positive over reaction following its earning release placing the stock in Drift B
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TSM - EW analysis - ABC correction downTSM - It seems completed the impulse sequence upside after the earnings. Now expecting ABC correction down side. Sell on bounce for C wave down.
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TSM: Short term: consolidating, Long Term: Bullishthe only one currently making the 5nm process technology and in progress to make 3nm by 2023. bought around 80.23 and adding more!!
TAIWAN SEMICONDUCTOR MANUFACTURING Chart Hey people, TAIWAN SEMICONDUCTOR MANUFACTURING is in a fake bearish trend with high negotiating sell volume and a large hammer candle shape. By zooming in on the TIMEFRAME M1 we see a kind of hammer candle with a large volume of past purchases. It came to bounce on the lowest of the bollinger to make its swallow to rise on the diffferents point of the bollinger. After the base a test on VWAP will be in progress in order to interfere with the last resistance which is before the panic. It is very plausible to breakout the price with the return of the moment due to the operators leaving at the beginning of their refusals. For a possible test and breakout of the bullish channel for arrival then symbolic figure of 128.00.
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TSM Wave 3TSM showing signs of strength with high relative volume at opening today with a large bullish engulfing candle. Target for Wave 3 has confluence at the 200% extension and the mid-line of the channel. The 21 EMA (orange line) is catching up to price on the hourly. The MACD is crossed on the daily timeframe as well. Semiconductor sector looks to continue bullish momentum as big names like NVDA and AMD push higher.
Bullish Pennant FormationBroke out of resistance on 24th December. Price came back to retest the new support 2 days later and rebounded.
Volume was high during flagpole formation, and decreased while forming triangle, showing some accumulation.
20EMA coming up to support the price before breakout of pennant happened.
Flagpole length: 16.75
TP: 120 based on length of flagpole
TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others.
It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
$TSM - slow and steadyIn call options with goal to evaluate how it does at $108
If I hold past $108, next level is $113.
TSM - Elliottwave analysis -Buy for 5th wave up after correctionTSM - It is in 4th wave correction and expected to go down in Y wave near 101 level to finish the 4th wave. Buy within that zone for 5th wave up for target above 110-114.
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