End of wave 5?Should we short now based on the price action? I think we can attempt as we are nearing the end of wave 5. Rising wedge and bearish engulfing candle indicate a failure to close above the ATH's top. As such, we are looking for a major correction ahead.Shortby William-trading1
TSM - Elliottwave analysis - 5th wave extensionTSM - It seems extending 5th wave of impulse cycle. So stay bullish in three wave pull back each time whenever the correction will be choppy sideway. The up move seems like in 3rd wave, where subwave 1 is about to finish. Thereafter 2nd subwave correction will be proceed, which may go deeper down. so buy near 87-85 zone with stop level below 83.10 for target of new high above 96 to 100 level. This is one of the most outperformer stock to NDX or SPX. Give thumbs up if you really like the trade idea. by EWFcw8
Taiwan Semiconductor takes a bounce of the 50d MATaiwan Semiconductor Manufacturing is getting a bounce off the 50d MA and shooting up to make new highs. Tight stop at 84.35 (5.7% below today's close) Position Size is R17.55Longby drewby43210
either way hereget long at 81 with tight stop, or go short under 79. leave a like ! thank you <3Longby Vibranium_Capital26
Long term up, but might consolidate for at while. RSI getting momentum CMF moving towards 0 MACD still bearish by DenAlmindeligeFar0
TSM posting better than expected earning.$TSM is trading on the lower boundary of the projected PEAD cone, with a Bullish outlook, As per the projection, price has good room to move to the upside Longby EPSMomentum1
TSM Uptrend rising wedge - potential bearish reversalUptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing. Investment strategy would be consider shorting in the near future, but definitely a bullish outlook in the long termby jaybag1
TSM upside possible seeing 95 - 100As it is in a parabolic move in weekly chart , it is hard to project where price could go except using the whole crowd pricing. So long $80 not broken down, we could potentially see this move to $95 and ultimately at $100 facing a stronger resistance. Longby 100dollarUpdated 3
Are we seeing the end of wave 5 and start of correction ?Will we be seeing the end of wave 5 or is the current sell-down a short time correction and the next bullish impulse will resume? God Knows. by William-trading3
TSMEarnings BMO tomorrow. Could trade down to $86.49 but it'll get bought up. Earnings should be priced in and the stock won't moveby bulltradingtips0
TSMPublished: October 11, 2020 Looking for a post-earnings cool off then retest of highs.Longby UnknownUnicorn15427920
Taiwan Semiconductor Manufacturing (TSM)Taiwan Semiconductor Manufacturing (TSM) Fundamental: It meets our fundamental criteria Technical: Box or flag pattern with some volume entry: 83.81 stop: 75.95 target: 103.41Longby RocketmanUpdated 225
1 h line sell out TSMSell out TSM according to 1 h signal, increase cash ratio for uncertainty before Novermberby GoldenBuy220
TSMLooks to be breaking out....note that this is the biggest component of the $SMH ETF. (No position, but long $SMH) Longby tdrake21393
TSM is a buy hereI am seeing A LOT of reversals out there on the short time frames. Next week should be bullish IMOLongby LanmarUpdated 4410
TSM - Ranging and due for a move to the up or downsideLooking at recent chart action, this seems to consolidate for around 30 to 60 days (roughly) and then pop mostly to the upside. So I would be closely monitoring this for a confident break from this range and would be a buyer for the long-term. Really quite a beautiful chart and if you timed a good entry, this would be a nice addition to the portfolio. IF it breaks to downside, simply buy on a decent support level.by theponzimasterUpdated 2
$TSM Second Chance?Looks like $TSM had a false breakout and has pulled back into this wedging pattern. I'm looking for it to break back above and at least retest the old highs... All TBD. I may even do an early entry if we get a drop and reverse today. Otherwise, I'll wait until it breaks back above the trend line. Ideas, not investing / trading advice.Longby jaxdog331