TSM Bull Put SpreadBull Put Spread Credit -195 +190
Jul 19th $ 116.00 2 $ 4.52 $ 111.48 $ 888.52 12.55%
Directional play on TSM, will exit before Jul 18th when earnings comes out.
TSM trade ideas
TSM: Rising Channel (Short Term)Key Points: NYSE:TSM
1. A raising channel shows a clearly defined uptrend. It is generally considered a bullish continuation pattern.
2. A breakout above an ascending channel can signal a continuation of the move higher.
3. A breakdown below an ascending channel can indicate a possible trend change.
Support/ Resistance
158 - may act as a resistance.
149 - may act as a support
Notice :
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Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification,
Set up trade idea ( long /short),
Set up entry and target price.
Valuation, making analysis report etc...
Experience: 5 years.
TSM: Rising Wedge (Long term) Key Points: NYSE:TSM
1. A raising wedge pattern is used to identify possible trend reversals.
2. It is considered a bearish pattern.
3. It signals that the buying momentum is slowing down.
Support/ Resistance
158 - may act as a resistance.
149 - may act as a support
Notice :
looking for a job
------------------------
Is Your company hiring an assistant day & swing Trader/ assistant technical analyst/ assistant equity analyst?
I am a day & swing trader, freelancer technical analyst & equity analyst. Now, I am looking for a job .
Skills: Chart analysis, Trend identification, Price pattern recognition, important support and resistance levels identification,
Set up trade idea ( long /short),
Set up entry and target price.
Valuation, making analysis report etc...
Experience: 5 years.
TSMC Says Semiconductor Industry Sales Could Grow 10%TSMC ( NYSE:TSM ), a supplier of Nvidia and Apple, has forecasted an annual revenue growth of 10% for the global semiconductor industry due to the surge in demand for artificial intelligence (AI). The company, which is a major supplier to Apple, has seen strong AI server demand, which has risen 2.5 times from last year. This is considered a "golden age of opportunity with AI," according to TSMC Senior Vice President Cliff Hou. The company also noted that the industry could benefit from a mild recovery in demand for smartphones and PCs, which had slumped due to oversupply.
Hou also suggested that revenue for the foundry sector, which TSMC dominates, could expand at an annual rate of 15% to 20%. In April, TSMC lowered its outlook for the global semiconductor industry excluding memory to a growth rate of around 10% from a previous forecast of more than 10%. The World Semiconductor Trade Statistics has forecasted growth of 13.1% for the global semiconductor market in 2024. TSMC ( NYSE:TSM ) estimates second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in AI applications.
Nvidia has also forecast its quarterly revenue above estimates and announced a stock split, lifting shares to a record-high territory and impressing investors who have tripled the chipmaker's market value in the past year on AI optimism.
TSMTSM can go higher because now it’s breaking the old high with Doji maybe 180$ per share before it pull back.
TSM HOURLY BULL FLAGTSM showing strength here with buying momentum clearly picking up at possible higher low with 4h highs to take out. Should provide multiple buy opportunities to the upside as long as hourly continues to trend.
TSM is at its make or break level! ⚡boost and follow for more! ❤️🔥 rejection here and we dip to 119-131 before more upside. If we can clear trend resistance from 2021/160 long trigger then a explosive rally to 180-200 should follow.
$TSMNot financial advice.
NYSE:TSM
On its way to the top of channel will this be a break or bust? so far Fibonacci numbers align with the correct retracement. Bulls need to step in.
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Resistance And Support"The profit-taking entry point is at 158.4, while the profit-taking exit point is at 125.78."
Seems like the AI Boom is not over yet. Still more UpsideApril revenues came at T$236.02B. This is up 59.6% year-over-year and up 21% month-over-month.
January - April revenue came at T$828.67B. This is 26% year-over-year. The company Fundamental metrics are great.
Also, their technical analysis looks ready for more upside.
Are you buying?
Taiwan Semiconductor April Revenue Jumps 60% On-yearTaiwanese chip giant BCBA:TSMC reported a 60% increase in April revenue, driven by a surge in demand for advanced semiconductors used in AI hardware. The Taiwan Semiconductor Manufacturing Company controls over half the world's chip output and supplies them for various products, including Apple's iPhones and Nvidia's artificial intelligence hardware. The company's revenue for April was approximately NT$236.02 billion (US$7.2 billion), an increase of 596.6% from April 2023. The company expects a 27.6% rise in Q1 revenue.
The success of OpenAI's ChatGPT has sparked an AI gold rush, with demand for cutting-edge chips needed to train and run AI services worldwide. BCBA:TSMC dominates the global chip industry, with most of its fabrication plants located in Taiwan, a self-ruled island claimed by China. Concerned governments have lobbied TSMC to move production away from Taiwan, and the US has made a significant push to overhaul the semiconductor industry on American soil.
US Commerce Secretary Gina Raimondo stated that an invasion of Taiwan by China and a seizure of TSMC would be "absolutely devastating" to the American economy. Currently, the US buys 92% of its leading edge chips from TSMC in Taiwan.
TSMC plans to open a third factory in the US, raising its total investment to US$65 billion. However, the company faces obstacles due to a lack of human resources and specialized skills required for making chips. Additionally, TSMC is planning another facility in Kumamoto for more advanced chips.
Technical Outlook
Taiwan Semiconductor ( NYSE:TSM ) stock is up 5% on Friday's Market trading, with a Relative Strength Index (RSI) of 66 which is slightly overbought. A move further above the 38 Fibonacci Level will accentuate the bullish trend of $TSM.
TSM ready to breakout Bringing to your attention that TSM is ready to breakout.
Semiconductors are still hot. Above 142 next stop 148, 158.
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?
