TSM back to 83 USD?NYSE:TSM time to buy below again
Buy area at 83.12 for demand and there will be consolidation after that and will return to 107.43 area, good luck guys
TSM trade ideas
$TSM Weekly Long SwingNYSE:TSM is showing the following bullish signals in the Leave A Legacy Indicator:
Test of an uptrend created from the low of Dec. 2022 and April 2023
Reached fair value gap created throughout May
Break & Retest of high ($91.88) from April.
Swept buy side liquidity from the week of Aug. 14 (Untested Low $89.56)
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TSM : Going longIt is the world's most valuable semiconductor company. That's the one and only reason for taking an entry in this stock. Semiconductor is such an important component that is required for almost every aspect of the modern world.
Took a position for about 1.25% of the portfolio. Will consider adding onto the position only if it reaches the bottom of the larger ascending channel.
There is a potential move of about 23% to the near term target. Will consider booking profit at those levels depending upon the fundamentals and technicals of the stock as well as the overall market at that time.
TSM is bottoming here with this wedgeWith this wedge forming with TSM and this trendline as support I think this could be a monster trade. I'm targeting 135 for Wave 3, 115 for Wave 4, and then around 160 for Wave 5.
Some people think this could fill the gap but I don't think so. If you look at TSM and Tesla they look very similar and Tesla didn't fill the gap and stopped halfway just like TSM will do. If it does fill the gap then it would break to the downside of the trendline and then it wouldn't be good.
Explosive bounce up?Check how price reacted the last two times when it hit the trendline from October 2022. It may take a couple of weeks more but it is worth to open a small position now and see how the support reacts. Then add depending on the reaction.
What would happen If China were to attack Taiwan?TSMC, or Taiwan Semiconductor Manufacturing Company, is the world's largest contract chipmaker. It is headquartered in Taiwan, and it relies on the island for its supply of semiconductor chips.
If China were to attack Taiwan, it would have a significant impact on TSMC. The company would likely see its profits decline, and its share price would likely fall. In addition, the company would face challenges in securing the supply of semiconductor chips.
Here are some of the specific impacts that a Chinese attack on Taiwan could have on TSMC:
Shortages of semiconductor chips: A Chinese attack on Taiwan would likely disrupt the supply of semiconductor chips, which are essential for many electronic products. This would lead to shortages of these products, which would drive up prices.
Loss of market share: TSMC would likely lose market share to its competitors if it were unable to meet demand for semiconductor chips. This would hurt the company's profits.
Fall in share price: A Chinese attack on Taiwan would likely lead to a sell-off of TSMC stock, which would depress the company's share price. This would make it more difficult for TSMC to raise capital.
Damage to reputation: A Chinese attack on Taiwan would damage TSMC's reputation as a reliable supplier of semiconductor chips. This would make it more difficult for the company to win new customers.
In addition to the direct impacts on TSMC, a Chinese attack on Taiwan would also have a ripple effect on the global economy. The disruption of the supply of semiconductor chips would lead to higher prices for electronic goods, as well as shortages of certain products. This would harm businesses and consumers around the world.
It is important to note that these are just some of the potential impacts that a Chinese attack on Taiwan could have on TSMC and the global economy. The actual impact would depend on the severity of the attack and the response of the international community.
It is also important to note that TSMC has taken steps to mitigate the risks of a Chinese attack. The company has built factories in other countries, such as the United States and Japan. This would help to ensure that the company would still be able to produce semiconductor chips even if China were to attack Taiwan.
Overall, a Chinese attack on Taiwan would be a major blow to TSMC and the global economy. The company would likely see its profits decline, and its share price would likely fall. In addition, the company would face challenges in securing the supply of semiconductor chips. The disruption of the supply of semiconductor chips would also harm businesses and consumers around the world.
That's correct. Warren Buffett's Berkshire Hathaway sold its entire stake in TSMC, the world's largest contract chipmaker, in the first quarter of 2023. The sale was first reported by The Wall Street Journal.
Buffett purchased a $4.1 billion stake in TSMC in the third quarter of 2022. However, he sold the shares in the first quarter of 2023, after just a few months.
Buffett has not publicly commented on why he sold TSMC. However, some analysts have speculated that he was concerned about the geopolitical risks associated with the company. TSMC is headquartered in Taiwan, which is a self-governing island that China claims as its own.
Other analysts have speculated that Buffett sold TSMC because he was simply looking to rotate his portfolio. Berkshire Hathaway has been selling some of its larger, more mature holdings in recent years, and TSMC may have been one of those companies.
Regardless of the reason, Buffett's sale of TSMC is a significant development. It is rare for Buffett to sell a stock after such a short period of time. It is also worth noting that TSMC is a very well-managed company with a strong track record.
$TSM with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:TSM after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
Bear Flag On Montly ChartThe AD and Money Flow has spotted a Bearish Bear Flag set up on the Monthly chart. The Bearish Bear Flag, is very close to the apex of the Triangle I'm anticipating a bearish breakout to the downside of this stock once completed. Looking to set up a Bearish Swing Trade Short
TSM - Taiwan, Your Semiconductor Long HedgeAt present, the US equities markets are at a critical inflection point, especially tech.
We're still in the bear side of a correction in an extremely major bull market impulse fuelled by Party Central's COVID stimulus programs, and yet flirting with all time highs.
Sometimes markets top without a blow off. Nasdaq's daily chart, above, shows price raided the 16,000 psychological level and the January 2022 pivot that ended the bull market.
This is really significant in and of itself, but even more significant in that the 3% rejection thus far indicates that tech *may* have truly topped already.
In my recent call on NVIDIA, some people correctly criticized that I have the problem of being bearish when a stock is clearly bullish.
I have thought about this quite a bit and think the criticism is fair.
With NVIDIA, I believe the stock has either topped or will top before/at $500 in a coming impulse. However, if one had have just gone long on the dips from low $400s to the $480 mark, they could have financed a freeroll "Short God From The Top" dream trade with potentially huge upside.
And that brings us to Taiwan Semiconductor, a company that I believe is a clear long on all time frames and has several significant advantages:
1. It's Taiwan's gemstone and thus highly relevant to the geopolitical concerns I will outline below
2. Producer of much of the world's most advanced chips
3. Market cap still under $500 billion (Thus, room to 2 or 3x in the future)
4. Is not a component of the Nasdaq, the SPX, the Dow, or the Russell, and thus can impulse long even if the equities market corrects
5. Accounts for only 3.4% of the index the SOXX/SOXL/SOXS ETFs underlie, and thus can impulse long even if the semiconductor industry corrects sharply
6. Washington is banning NVIDIA and ASML from selling to China, but never mentions TSM
7. If TSM pulls out the "AI" marketing card with a new offering, watch out for fire.
In previous posts I have mentioned that the Chinese Communist Party is about to fall. While people may find that unbelievable or too good to be true, it's worth noting that when the USSR was brought down by Gorbachev and friends on Christmas Day 1992, nobody believed it was possible then either.
Those of us who are old enough to remember know you woke up one day to see it all over the news and nobody knew how it would happen.
Many entities are considering how to take control of China and its 5,000 year old culture, history, natural resources, and land when the Party falls.
The International Rules Based Order wants China for its own reasons, and the reason "Washington" has made itself so close to Taiwan isn't because Xi Jinping intends to invade Taiwan (The CCP is too weak after so many people died from Wuhan Pneumonia), but because the IRBO intends to use The Republic of China to replace the Communist Party for its own ends.
The ultimate purpose is to install genuine communism (note the CCP only still practices socialism according to its own dogma) worldwide via panopticon social credit systems and central bank digital currencies.
If you want a future you and your family can live in, you want our traditions, imparted by God, and not this junk imparted by Karl Marx and the specters that belied him.
I've mentioned before that Xi, an ostensible Chinese nationalist, has the option of weaponizing the 24-year persecution and organ harvesting genocide against the 100 million practitioners of the Falun Gong/Falun Dafa spiritual cultivation practice by the faction of his predecessor Jiang Zemin and the CCP in order to ensnare the IRBO and its banking cartel.
However, all of the world's critical pieces (Yellen, Musk, Kissinger, Dimon) visiting Beijing "for talks" combining with a recent significant strengthening of the yuan and a potential recovery of China tech stocks indicates that the IRBO is now onside with the Xi administration.
Which means that Xi may have sold out China and the future in a Faustian Pact with the IRBO in order to maintain his power, because he's too much of an idiot to throw away the CCP, return to China's 5,000 years of dynasties, and enter the future.
Either way, once there's some kind of news cycle about "Taiwan" (just go look at all the war clamoring that appeared this month in The Economist et al), TSM can moon no matter what the rest of the equities market does, and counts as an excellent long hedge during catastrophe.
I can only say that if you go long, especially significantly long, on anything right now, you really ought to be hedging volatility long while the VIX is maintaining a 13-handle.
So here's the trade.
TSM dumped some 6% on earnings under $98, which is a hell of a dip to buy.
It's a dip to buy because daily price action on the way up stopped just short of the curiously-numbered $111.11 (the Chinese are extremely numerological/superstitious), which naturally makes this figure a target for a retrace
It's only that on the hourly,
TSM doesn't show any signs of having bottomed beyond not making a lower low on the first day.
But with the biggest FOMC of the year on Wednesday, July 26 (big hike possible, next meeting not until Q3 end September 20), longing today may have been too early.
But not too early by much. Arguably only 3%. The most bullish continuation for TSM would be to maintain a "higher low" formation, protecting the wick of the June low at $94.25.
Upside targets are immediately $113+ (Masonry, roar?) and $130 (Masonry, rawr!) if bearish.
If all things Taiwan become memefied like artificial intelligence did because of what's going on in China, then there's little to stop TSM from becoming a $1 Trillion market cap company like NVIDIA et al, which would actually mean upside over $200 is in the cards through the 2024 Presidential Election.
But mankind's best laid plans are merely those of mice. This race is like bacteria and this planet is little more than a speck of dust when viewed from higher places in the enormous and boundless Cosmos we currently sit in.
What the Cosmos looks at is a race, a planet, and an individual's moral standard and spiritual realm.
Thus, the more calamity is on deck the more critical it is to take good care of your family and friends and use the time that we all have left before the world changes forever to make up for the things from the past that have been done wrong, when they should have been done well.
Take good care of yourselves.
TSM Taiwan Semiconductor Options Ahead of EarningsAnalyzing the options chain of TSM Taiwan Semiconductor Manufacturing Company Limited prior to the earnings report this week,
I would consider purchasing the 95usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $4.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
The most important earnings of the quarter..!Many of you may think why TSM’s earnings could be the most important while we have TSLA and NFLX on the same day?
To answer that, let’s look at TSM's main customers are:
Apple
AMD
Nvidia
Qualcomm
MediaTek
Broadcom
Marvell
HiSilicon
Allwinner Technology
Spectra7
UNISOC
These companies are all fabless semiconductor companies, which means that they design chips but do not manufacture them themselves. TSMC provides manufacturing services to these companies, which allows them to focus on their core competencies.
In 2021, Apple was TSM's largest customer, accounting for 26% of its revenue. AMD was the second-largest customer, with 15% of revenue. Nvidia was the third-largest customer, with 11% of revenue.
TSM's other customers include a wide range of companies in the electronics, automotive, and industrial sectors. The company's chips are used in a variety of products, including smartphones, computers, tablets, TVs, cars, and industrial machinery.
TSM is the world's largest semiconductor foundry, and its customers are some of the leading companies in the electronics industry. The company's strong customer relationships are a key factor in its success.
Now you can see the decline in revenue of TSM will give us an outlook about the most important tickers inTech sector.
Conclusion: Decline in TSM and Foxconn revenue is not a good fundamental sign in Tech sector.
TSM broke previous resistancebroke resistance of 104.82. I would like a retest before going higher. If banking earnings go well with good guidance, it could go to $107.42. If that breaks, $110.25 is next target.
Smells like a bull trap.I am starting to build up a position against AI exposure. AI I think is close to a hard dump. There's a lot of technical confluence of short signals and a feel of AI mania in the air.
If this is a bull trap, the following drop typically will wipe off at least 75% from the bull trap high. 25 or so for the target. Probably a good buy somewhere just under 20 if this move happens.
TSM long: Target of atleast $1071. Broke through the resistance line from 2014 (2014, 2018, 2020 corrections happened from that line)!
2. Fell from 142 to current levels from a double top & H&S pattern (also filled that gap from Jul'20)
3. 74-82$ range is the accumulation zone, the stock will get squeezed between the upward sloping trend line & resistance at 83$
SL: Weekly close below $74
TSM - Rising Trend Channel [MID -TERM]🔹Breakout the ceiling of falling trend channel in the medium long term.
🔹Breakout resistance at 103 in inverse head and shoulders formation.
🔹Supports at 92 in negative reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
TSM wave 3 progressing.Taiwan Semiconductor Manufacturing or TSMC
2330
opened Advanced Backend Fab 6, a packaging and testing fabrication plant located in Zhunan Science Park, Miaoli, northern Taiwan, according to a Thursday press release.
The facility, which commenced construction in 2020, was built to mass-produce the company's SoIC (System on Integrated Chips) process technology.
The fab has a base area of 14.3 hectares, making it TSMC's largest advanced backend fab to date, the chipmaker said.
It is estimated to have an annual production capacity of over 1 million 12-inch wafer equivalent 3DFabric process technology and more than 10 million hours of testing services.
TSM, 11d+/-23.76%falling cycle -23.76% more than 11 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Is it Taiwan Semiconductor Manufacturing Co's turn now? NVIDIA vs TSM
The Chart for NYSE:TSM is lining up almost identically to NVIDIA prior to its major move higher.
- MACD Crossing now
- OBV Breaking upwards
- RSI 56 level about to be breached
Like NASDAQ:NVDA , TSM could rise by 39% to its ATH & appears to be following the NASDAQ:NVDA set up.
NVIDIA is the 6th largest company in the world by market cap at present and Taiwan Semiconductor Manufacturing Co. is the 10th largest.
It will be interesting to see if the TSM chart will follow the pattern of NVIDIA's. This could be an opportunity for a trade. Please not that the below chart is a monthly chart and thus the trade would require waiting 3 - 6 months to play out. An ideal entry would have been $82 and at present this would place a stop at $90. With ATH at $145 this gives you a Risk Reward Ratio of 3:1 from the current value of $103. Not the greatest or worst RR but the set up just looks so similar its hard not to have a stab
TSM - Breakout Falling Trend Channel🔹TSM has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
🔹TSM has broken an inverse head and shoulders formation.
🔹RSI above 70 shows that the stock has strong positive momentum in the short term.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Golden Cross Has Arrived - Taiwan Semiconductor TSMThis is a once in a lifetime opportunity to buy Taiwan Semiconductor stock who supply chips to NVIDIA and Apple. The stock TSM is undervalued and is ready for a massive breakout in the coming months.
TSMC LONG TARGET 115 Bullish FlagNvidia reported tremendus quarter and TSMC is one of its biggest supplier.
Bullish flag breakout with volume.
A close above 100 will be bullish also.
www.investopedia.com
www.investopedia.com
www.investopedia.com
"What Is a Breakout?
A breakout refers to when the price of an asset moves above a resistance area, or moves below a support area. Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction."
Happy trading!
