TSM trade ideas
TSM heads up at $149.07: Golden Genesis fib and maybe "a" topTSM at new highs but up against a Golden Genesis fib at $149.07
Sister golden fibs below have been very relevant to price moves.
What happens here will give clues to the ongoing trend strength.
It is PROBABLE that we "orbit" this fib for some time.
It is POSSIBLE that we have "topped" for now or forever.
It is PLAUSIBLE that we "flip" into support and keep going.
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118-123are some key levels to watch out for in the short term if price can recover from its current downtrend following its most recent reported earnings.
Even though being up a rough 38% in the last 6 months, the gains so far has been quite giving. A retracement into its overall uptrend would be something to watch out for.
Correction its fallen below the ichimoku cloud cover and would need heavy support to recover from the short term downtrend.
currrent support 124.68
multiple gapped down candles selling momentum was quite strong on the way down from its 52 week high of 158.40
TSM: After Downgrading The Outlook, What To Expect?
Trend
- On the weekly chart: Clearly showing an uptrend.
- The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel.
100% Symmetrical Projection: Uptrend “N” Patterns
- A 100% Symmetrical Projection of the initial swing (from A to B) and then projected from C. As a result, D was our initial target price.
- Without a symmetrical retracement from D to E, there's a resistance-turn-support at level D, and the price continued to rise. The target price was adjusted another 100% higher to D' due to the very strong momentum.
- However, the price failed to reach D' and fell below level D at $135, indicating that the momentum has dissipated. Additionally, on the daily chart, there's a support-turn-resistance to reinforce the level's importance.
- What's next?
The price may retrace 100% of the "extra force" of the blue box; or
The price is likely to fulfill the original symmetrical retracement from D to E.
N Pattern’s Target Price & Fibonacci Price Cluster
- The 0.5 Fibonacci Retracement of the entire swing from A to HH perfectly aligns with level E, which can be seen as one of the current target prices on the short side.
- The 0.618 Fibonacci Retracement of the more recent swing from C to HH is close to the low of the returning blue box.
- Both levels and the previous key resistance level at B form a tight zone, likely to be a significant support area (the gray area).
Conclusion
- After breaking below the key level at $135, TSM is expected to retrace to the tight range between $109 and $112.7.
- In other words, if you’re considering to buy more and invest in TSM, this tight support area presents an opportune entry point.
Not Financial Advice
The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
2330 Fibwhere to buy or where to sell is not just technical,however it can be a signal.
keep tracking correlative stock or index to have a better judgement.
2024 YTD stock correlative chart:SMH vs TSM2024 YTD stock correlative chart:SMH vs TSM
sooner or later, they will close to each other.
TSMC Beats First-Quarter Revenue But Stock Down by 4.57%Despite a recent dip in stock value, BCBA:TSMC 's first-quarter performance has exceeded expectations, driven by robust demand for advanced chips, particularly those powering AI applications. As the world's leading producer of advanced processors, TSMC's strategic positioning and steadfast commitment to technological leadership continue to fuel optimism among investors and analysts alike.
First-Quarter Triumphs: Exceeding Expectations
TSMC's first-quarter results have surpassed market expectations, with net revenue reaching 592.64 billion New Taiwan dollars ($18.87 billion), and net income hitting NT$225.49 billion. Bolstered by strong demand for AI chips, particularly in the wake of the proliferation of large language models like ChatGPT, TSMC has demonstrated its ability to navigate through challenging market conditions.
AI Chip Demand: A Driving Force
The surge in demand for AI chips, fueled by the relentless innovation in AI technologies, has propelled TSMC's growth trajectory. As companies across industries embrace AI-driven solutions, the need for energy-efficient computing power has skyrocketed. TSMC's collaboration with industry leaders in AI innovation underscores its pivotal role in shaping the future of AI computing.
Technology Leadership and Growth Prospects
Looking ahead, BCBA:TSMC anticipates a "healthy" growth year in 2024, buoyed by its technology leadership and expanding customer base. With the advent of 3-nanometer and 5-nanometer technologies, BCBA:TSMC remains at the forefront of chip manufacturing innovation. CEO C.C. Wei's optimistic outlook underscores TSMC's confidence in its ability to capitalize on emerging opportunities and sustain its growth momentum.
Market Dominance and Competitive Edge
TSMC's dominance in the global foundry market is evident, with the company accounting for 61% of global foundry revenue in the fourth quarter of the previous year. The company's net profit margin, standing at an impressive 40%, reflects its strong competitive position and unwavering focus on delivering cutting-edge semiconductor solutions. TSMC's emphasis on advanced chip development, exemplified by its shift towards 3nm technology, reaffirms its commitment to long-term growth and innovation.
Overcoming Challenges: Resilience in Action
Despite facing macroeconomic headwinds and supply chain disruptions, TSMC has demonstrated remarkable resilience. The recent earthquake in Taiwan, while posing temporary challenges, did not deter TSMC's operations significantly. With minimal impact on revenue and swift recovery measures in place, TSMC remains steadfast in its commitment to meeting market demands and maintaining operational excellence.
Future Outlook
As BCBA:TSMC continues to chart a path of innovation and expansion, recent developments, such as the preliminary approval for government funding in Arizona, underscore its strategic vision and global ambitions. With plans to commence mass production of 2-nanometer chips in 2025 and ongoing investments in cutting-edge semiconductor technologies, TSMC is poised to solidify its position as a global leader in chip manufacturing.
In conclusion, TSMC's resilience, technological prowess, and strategic foresight position it for sustained success in an increasingly competitive landscape. As the demand for AI chips continues to surge, BCBA:TSMC remains at the forefront of innovation, driving growth and shaping the future of semiconductor industry.
TSM : Bullish - "falling Wedge" and a "BAT" potential.TSMC detection of a "falling Wedge" and a "BAT" potential.
The price could rise and reach the gap upwards towards 147.25 then higher at 156.11
On the downside the market could go down to 135.92 then to 128.76 and finally to 125.27
Additionally, the RSI is divergent with the stock price §
be attentive and monitor the Ichimoku levels
🚀 TSM: Semiconductor Growth Potential 🖥️💰📈 Market Analysis:
Industry Trends: TSM is positioned for growth amid rebounding global semiconductor sales, driven by increasing demand.
Technological Advancements: Investment in state-of-the-art 2-nanometer chips in Arizona underscores TSM's commitment to innovation and staying ahead in the industry.
Partnerships and Innovation: TSM's involvement in the AI revolution and strong partnerships with tech firms bolster its competitive edge and growth prospects.
💡 Investment Strategy:
Bullish Outlook: A positive stance is recommended for TSM, particularly above the $122.00-$123.00 level, signaling potential upward momentum.
Upside Target: An optimistic target of $200.00-$210.00 is set, reflecting the anticipated growth trajectory of TSM.
Market Monitoring: Continuously monitor market dynamics and TSM's performance to evaluate target realization and adjust strategies accordingly.
TSM Analysis: Double Top and Support Zones Signal Bearish TrendTicker: TSM (Taiwan Semiconductor Manufacturing Company)
Current Price: $142.57
Technical Analysis: Potential Short-Term Bearish Signal
Price Action Observation: TSM is currently trading at $142.57, with a possible double top formation identified around $147.40 (purple dotted line). This formation often signifies a potential reversal in the ongoing uptrend.
Support Levels: A crucial support zone is marked by the purple rectangle between $133.50 to $136. These levels historically indicate increased buying interest and could potentially act as a floor for the price.
Indicators Analysis:
- RSI (Grey Line): The RSI, represented by the grey line on a custom indicator, has been declining, signaling diminishing bullish momentum.
- ADX (White Line): The ADX, depicted as the white line on the custom indicator, has also been decreasing, suggesting a weakening trend strength.
Potential Strategy:
Considering the technical analysis indicating a short-term bearish outlook and the identified support levels, traders may watch for price movements around the support zone of $133.50 to $136 for potential buying opportunities or confirmation of the bearish trend continuation.
Conclusion:
Based on the analysis of the double top pattern (purple dotted line), support levels (purple rectangle), RSI, and ADX, there's a possibility of a short-term bearish direction for TSM. Traders should closely monitor these levels and indicators for potential trading signals.
TSM- basic return to trend idea- AI return to orbitRemoving earning reports and news good or bad. We have heard nothing but AI recently. I think people will see better opportunities in other areas. return to trend and support zone expected. Long term triple top?
USD 6.6B US subsidy boosts TSMC's Arizona chip plant expansionThe United States Department of Commerce has confirmed a substantial support package for Taiwan Semiconductor Manufacturing Co. (TSMC), earmarking a 6.6 billion USD subsidy to facilitate the establishment of a new semiconductor manufacturing base in Arizona. This initiative is further bolstered by up to 5 billion USD in low-interest loans from the government.
In response to this significant backing, TSMC has committed to an impressive expansion of its initial investment range, proposing an additional 25-65 billion USD towards this venture. The plan includes the construction of a third plant in Arizona by the end of the decade. This expansion enables TSMC to spearhead the production of the world's foremost 2-nanometre chips at its second Arizona facility, with production kick-off anticipated in 2028. The overarching investment exceeding 65 billion USD marks a historic milestone as the largest foreign direct investment in a new project on American soil.
Let's shift focus to the technical analysis of Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) shares and explore potential trading opportunities.
Examining the Daily (D1) chart, we have identified a solid support level at 133.73 USD and a resistance level at 182.87 USD, underpinning a robust uptrend as the stock aims to surpass its historical peak.
On the Hourly (H1) chart, engaging in long positions becomes appealing after a rebound from the 133.73 USD support level, targeting a short-term goal at 158.98 USD. For those with a medium-term outlook, maintaining long positions until reaching 170.74 USD presents a viable strategy.
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TSMC Secures Historic $11.6 Billion U.S. InvestmentIn a groundbreaking move to bolster domestic semiconductor manufacturing, Taiwan Semiconductor Manufacturing Co. ( BCBA:TSMC ) has secured a monumental $11.6 billion investment from the United States. The initiative, spearheaded by President Joe Biden, underscores a strategic effort to fortify America's position in critical technology production.
Under the terms of the agreement announced by the U.S. government, BCBA:TSMC is set to receive $6.6 billion in grants and up to $5 billion in loans to facilitate the construction of a third chip manufacturing facility in Arizona. This investment is poised to unleash a cascade of economic activity, with TSMC's total investments at the three Arizona plants projected to exceed $65 billion.
The newly announced factory, slated to utilize next-generation 2-nanometer process technology, is anticipated to become operational before the end of the decade. U.S. Commerce Secretary Gina Raimondo emphasized the significance of these advancements, particularly in driving emerging technologies like artificial intelligence and fortifying national security capabilities.
Raimondo remarked, "For the first time ever, we will be making at scale the most advanced semiconductor chips on the planet here in the United States of America, with American workers." This milestone underscores a pivotal moment in the Biden administration's push to revitalize the U.S. semiconductor industry, as outlined in the 2022 Chips and Science Act.
TSMC's commitment to expanding its manufacturing footprint in the U.S. aligns with a broader trend of major semiconductor companies repositioning their operations to American soil. Intel Corp. and Samsung Electronics Co. have also inked substantial agreements under the Chips Act, signaling a seismic shift in global semiconductor production dynamics.
The significance of TSMC's investment extends beyond economic implications, carrying political weight as well. With Arizona emerging as a pivotal battleground state, the infusion of jobs and investment from TSMC's projects aligns with President Biden's vision of revitalizing the American economy and securing reelection support.
Moreover, the BCBA:TSMC grant includes provisions for workforce training and is expected to generate 6,000 high-tech manufacturing jobs, alongside over 20,000 construction jobs. This influx of employment opportunities underscores the transformative impact of the semiconductor industry on local economies.
While the road ahead may present challenges, including navigating labor disputes and market uncertainties, TSMC's commitment to its Arizona projects underscores a long-term vision for technological innovation and economic growth. As the company enters a due-diligence period before finalizing agreements, the promise of a revitalized semiconductor industry on American soil looms large on the horizon.
Technically, TSM stock is in the consolidation zone after accumulating liquidity might spike to a new Resistance level.
TSM can buy next week.TSM break out to go up it will go higher and higher , now TSM change Resistance to Support . so the trend is up trend it will continuous go up maybe go to 200$ per share
TSM - BullishHas potential to reach even higher with earnings coming out on the 19th. However you must always be prepared for the worse. Im playing this conservative. Good luck.
TAIWAN SEMICONDUCTOR has one last Low to give.Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023.
The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within the Channel Up, the stock corrected to at least the 1D MA200 (orange trend-line) by -18.73%. This time the 1D MA200 is considerably higher, so with this Bearish Divergence giving more probabilities to extending the pull-back, we do expect one last Low but not as strong as the previous corrections.
This time a -18.29% decline from the top would make a healthy test of the 1D MA100 (green trend-line), good enough to continue the long-term bullish trend with new buyers in the market. The 1D MA50 break, would be the confirmation. As a result, we are now set a short-term target on TSM at $129.00.
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Earthquake Rattles Taiwan: Chip Stocks Tumble Amidst UncertaintyIn the wake of Taiwan's most powerful earthquake in a quarter-century, the semiconductor industry finds itself on shaky ground. The seismic event, which caused buildings to crumble and triggered tsunami advisories in neighboring countries, has sent ripples through the global chip market, with leading players such as Taiwan Semiconductor Manufacturing Co. ( BCBA:TSMC ) feeling the tremors of uncertainty.
BCBA:TSMC , the world's largest contract chipmaker and a linchpin in the semiconductor supply chain, was quick to assure the safety of its workers in the aftermath of the quake. However, the evacuation of personnel from some fabs underscores the vulnerability of critical production facilities to natural disasters.
While initial inspections showed no significant damage to TSMC's construction sites, the decision to suspend work for the day speaks to the company's cautious approach in ensuring the safety and integrity of its operations. With further evaluations underway, BCBA:TSMC faces the challenge of mitigating any potential disruptions to its manufacturing processes.
The repercussions of the earthquake were felt beyond Taiwan's borders, with flights disrupted in Japan and tsunami advisories issued in both Japan and the Philippines. The ripple effects extended to the financial markets, with shares of BCBA:TSMC falling 1% and the broader Taiwan Weighted Index dipping by 0.9%.
Amidst the chaos, the resilience of Taiwan's infrastructure was put to the test, as the Taiwan Stock Exchange Corporation confirmed the normal operation of its computers and network systems following the earthquake. However, concerns linger over the long-term impact on the region's economy, particularly given Taiwan's pivotal role in global semiconductor production.
The earthquake, registering a magnitude of 7.4 in Hualien County, serves as a stark reminder of the inherent risks faced by semiconductor manufacturers operating in seismically active regions. Despite stringent safety protocols, the unpredictability of natural disasters poses a persistent challenge to the industry's efforts to maintain uninterrupted supply chains.
As BCBA:TSMC and its counterparts navigate the aftermath of the earthquake, attention turns to the resilience and adaptability of the semiconductor ecosystem. While the immediate impact may be mitigated, the incident underscores the need for robust contingency plans to safeguard against future disruptions and ensure the stability of the global semiconductor market.
In the face of adversity, the industry must draw upon its collective strength and resilience to weather the storm and emerge stronger than before. For BCBA:TSMC and its peers, the earthquake serves as a sobering reminder of the fragility of the semiconductor supply chain and the imperative of preparedness in an ever-changing world.
Technical Outlook
Amidst the recent turmoil that rogued BCBA:TSMC , the stock managed to close Tuesday's trading with a moderate Relative Strength Index (RSI) of 56.52. However, the stock might break the ceiling of the rising trend channel to find new support.
$TSM good opportunity to get profit in this yearNYSE:TSM opens a good chanse to take 40-50% till the end of this year.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
TSM BIG move is incoming after 118 retrace ?? TSM
Buy zone - 118
target - 136
invalid zone - 114
Good luck
Buying TSM - 5th wave pivot identifiedPlaced an order for market open to buy TSM. Nice setup here with multiple confirmations.
Elliot Wave 5 identified with a bounce from support zone and Demark buy 9 signal.
TP is open with trade as no resistance level so will target the 1.618 level.
TSM Trade Analysis: Strategy Inspired by Mark MinerviniThis trade embodies the essence of Mark Minervini's championship trading style, focusing on bullish breakout trades. Here's the breakdown:
This is a bullish breakout with increased volume, bearing in mind that volume often precedes price movements. Additionally, the stochastic indicator suggests that the stock is either overvalued or in high demand, reinforcing the bullish sentiment. Moreover, the weekly trend is bullish, adding further confirmation to our analysis.
The daily value zone is identified between 112 and 122, serving as a crucial support zone for the trade. Our target is to surpass the 159 mark, accompanied by a surge in demand.
In summary, this trade aligns with Mark Minervini's approach and presents a compelling opportunity for bullish momentum.
Feel free to share your thoughts and comments below. Let's discuss this potential breakout opportunity together!
TSMC Trend Cloud StudyTSMC as you all know is the Taiwan Semiconductor Manufacturing Company.
Mr. Warren Buffet bought a huge chunk of shares of late last year, but recently sold on fears?
But did make a huge % gain for his investors.
So Investing is Risky, and I am more of a longer term type investor.
But as all investing, we need to document our decisions and I can show all how to use the simple built in tools as CALL OUTS and the PRICE RANGE tools to follow one's decisions where this Chart can show.
Time and Money Invested is also Important, and here it is very risky and needs a Crystal Ball.
If you have one, I'll buy it.
Jokes aside, the AI Semis are on a roll. See ARM + SMCI etc.
Also the BitCoin hypes are moving the Miners again.
Smash That Rocket Boost Button to show your appreciation for my Studies.
Regards Graham.
TSMC To Win More Than $5 Billion in Grants for a US Chip PlantTaiwan Semiconductor Manufacturing Co ( BCBA:TSMC ), the world's largest contract chipmaker, is set to win more than $5 billion in federal grants from the U.S. government for setting up a chipmaking plant in Arizona, Bloomberg News reported on Friday.
The award is yet to be ascertained and it is unclear whether BCBA:TSMC will tap the loans and guarantees also on offer from the 2022 Chips and Science Act, the report said, citing people familiar with the matter.
TSMC, makes chips used in Apple's iPhones, has said it would invest about $40 billion in its Arizona plant, among the largest foreign investments in U.S. history.
The U.S. has been vying to increase domestic semiconductor production through the U.S. CHIPS Act, which was passed in 2022 and provides $52.7 billion in funding, including $39 billion in subsidies for semiconductor production and $11 billion for R&D.
Last month the Biden Administration said it was awarding $1.5 billion to contract chip manufacturer GlobalFoundries under the Act. U.S. Commerce Secretary Gina Raimondo had said in February, the department plans to make several funding awards within two months.
TSMC's advanced manufacturing processes are used in the production of Nvidia's industry leading artificial intelligence chips.
The Taiwanese chipmaker had said in January that demand for advanced packaging was very strong and it couldn't offer enough capacity to support customers, which will continue to next year. Lagging capacity for advanced packaging has been a central bottleneck for the scaling up supply of complex AI chips.
Technical Outlook
Amidst facing a decline in share price by about 1% on Friday's trading session, NYSE:TSM Relative Strength Index of 74.45 poses positive signs of trend reversal coupled with the Grant being awarded to $TSM.
