$TSM Possible Inverted H&S Weekly $NVDA $AMD $SOXLTSM setting up a possible inverted head and shoulders on the weekly chart as NVDA runs into problems in China today.
TSM trade ideas
TSM swing short ideaHey all,
I'm not short on TSM- I don't think it is volatile enough a stock for me to want to play it. That being said, in my eyes, TSM's chart is part of the reason why I believe semiconductors are about to get smacked around, along with other unhealthy looking charts within the sector. All this recent rally is for semiconductors by the look of things is that it is a bounce within a strong downtrend. This thing is probably going to give up all of its post-pandemic gains very rapidly.
TSM: What do you see BULL or BEAR?????#Ticker Symbol: TSM
#Timeframe: 4 Hour
#4X BEAR Pattern
#Investment Strategy: Short
TECHNICAL ANALYSIS:
- Rejection of Trend
-Closed below 9EMA
-Money Movement shifting downward
-Formation of Red dot line with Big Red dot (i.e. (EMA crossover) means bearish
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TSM - options the stock , finished the D top pattern and now is do "discovery price" under the Comp' value area 94.5
the curve under 94 is D. distribution - i marked it, so the price can play between the low risk to go long is about 77.5
TSM approaching strong support 🥶once we see a clear break of 83 area I expect a quick dump to 79/75, probably best to wait for confirmation.
Chinese Invasion of Taiwan*THE SEMICONDUCTORS ACT HAS BEEN PASSED* China has the right to invade Taiwan since there was a bombing in the provice of FUJIAN
#Stand with CHINA#
$TSM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TSM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
TSM - Starting to Accumulate.TSM - currently down 42% from the high, and up 12% from the recent low.
Currently in a downtrend that changes if gain of yellow giving targeted orange area.
If continuation of downtrend targeting levels below in cyan particularly support at untested levels - 58.20,51.90.
Purple is the last resistance before new ATH.
Taiwan Semiconductor Manufacturing (TSM) LONG!! Semiconductor industry is poised for a decade of rapid growth, with many end products relying heavily on the essential supply of semiconductor chips and products. Automotives, mobile phones, laptops, tablets and the like all require chips to work. Amongst this industry lies a semicon giant poised to rear its head: TSM.
TSM is the main supplier of chips for AAPL, with a huge backlog of stocks yet to be supplied.
Fundamentals:
- TSM is poised to produce 2NM chips by 2025.
- Chips are price inelastic, demand normally has to contend with rising costs imposed by suppliers.
- Innovation is strong in the semiconductor industry with huge capital spend on R&D for better and smaller chips
Technicals:
- MACD oversold with MACD line slopping upwards
- MACD selling momentum weakening with histogram shortening
- Prices have reached and bounced from the 200 TEMA + 61.8% fibonacci retracement levels
- Price action show huge BULLISH ENGULFING candle
TARGETS:
108.4
96.3
Taiwanese Semiconductors: Piercing Line Visible on the WeeklyWe have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
You didn´t doubt TSM´s distribution range did you anon?- target has been reached:
- up only for a while for most markets
$TSM Taiwan Semiconductor Manufacturing WYCKOFF$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP.
Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up.
$TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above.
So far, this stock has not shown any signs of reversal, however $TSM is a giant in chip manufacturing. TSM makes $aapl chips and with ongoing shortages they are well positioned for advantage as these tech giants add autonomous driving to their business plans. Financially they are well positioned for growth in the years to come.
#TSM DOUBLE TOP RETEST EXECUTED#TSM Bears in action, Double top neckline retested and rejected @ $107.68. The next potential support level acts at $76.18
TSM - Taiwan Semiconductor ManufacturingNON LOG: Weekly TF. Price moving towards the support TL, hence more downside expected and need to wait as how price reacts at the support TL
$TSM Bullish call flow at support zoneLot of June 3 calls hit the tape on TSM, I like the levels here and like the probability of upside in the near term.
First PT $96, close below 87 invalidates idea
I'm long 95 6/3 calls already up 33%, with stop just above break even.
TSM - a decade hangs in the balanaceTSM now encounters the situation where the prior decade resistance is now being tested as a 'support' level.
Unfortunately for TSM since the Russian invasion of Ukraine the threat of China invading Taiwan has become ever more possible and as such the markets are attempting to price this in.
However this company is still very much fair value generating strong cash flows with no real rivals in the space. As such, if TSM holds and generates some structure around this support level it would be well worth a revisit.
$TSM into mark down period A year long distribution period finally breaks the double top neckline and moving into the mark down phase as triple MA all are pointing downwards.
Potential X-X target to 73 dollars before accumulation/ consolidation takes place
TSM - New Growth Cycle with 100% Potential?Is the world leading chip maker TSMC about to start a new growth cycle?
Fundamental indicators:
Revenue and Profits - exponential growth
Profit margin - is at circa 37%, impressive figure considering the growth levels
P/E - reasonable at 23x
Liabilities - no problems there
Risks:
Recession - is not likely to have a big impact on TSMC as demand on its products keeps growing, but it may impact share prices when the market starts correcting
China tensions - this is the highest risk to stability and future of this business which is difficult to assess but it certainly needs to be taken into account
Technically:
Following correction of 2020 there was an explosive growth in the share price of TSMC which indicates that it was wave 3 using Elliott Wave analysis
And looking at the structure of the correction that has developed since the peak - the impulse like movement at the end suggests it is an Extended Flat
At the lower time timeframe it is visible that the fifth wave of this impulse is quite choppy which indicates that ending diagonal is developing and soon there will be a reversal
Given the depth of the forming wave 4 is 50% (using Fibonacci level) the fifth wave maybe not as explosive and may reach $150 to $190, which is impressive 100% jump from the current price level
Alternative scenario - there is a possibility that wave 4 has not completed yet and it may drop further, however, at the moment it looks unlikely
Do you think that TSMC is going to start another impressive bull cycle?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
TSM looking for a bottom Good afternoon traders,
Today I am updating my TSM analysis...I have exited completely from trade but will look for another entry point...We have filled the GAP at the $93 area and are currently sitting on resistance turned support at $91.50ish area...It has had an 11% move to the downside in the last 5 days so I can see this moving up possibly back to the .236 at the $98ish range before a bigger move down...All in all the entire semi conductor sector is weak with no end in sight so I can see this moving down to the $77 to $83 range before it possibly finds a bottom...Let me know what you think in the comments below...As always Happy Trading!!!!!!!
TSM - 5th leg down, 3 drive pattern SHORT CITYIt is in my humble opinion TSM is looking at a rather large drop looming ahead - symmetrically the pattern meets the harmonic qualifications as well as the elliot wave theory macro wave iterations.
It is possible TSM will make a small shoulder before breaking the $100 price level - should it break this level and close below I believe it will be a swift fall to the $85 level, however if it wasn't "quick" the position I hold does allow for some time.
Trade: 6/17 exp $85 PUTS @ 1.17 on 4/1 - currently trading at 1.62 at time of post
$TSM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TSM after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
TSM will breach support and continue lowerThere is no better crystal ball to predict the future performance of an asset than its own chart.
Keeping it simple, TSM broke bellow a 15-month lateral range, and several days later failed to reconquer the lost grounds. It's been under distribution, and the last candle is the most bearish.
TSM won't be able to hold at support and will continue lower.
Earnings this weekEarnings this week 4/11-4/15. Here's a YTD comparison so far up till 4/11:
4/13 earnings
DAL
JPM
BBBY
RENT
4/14 earnings
TSM
UNH
GS
MS
RAD
ERIC
YTD comparison
BBBY +28.43%
UNH +7.75%
DAL -4.1%
ERIC -12.21%
MS -14.06%
JPM -15.59%
GS -15.86%
TSM -18.82%
RENT -35.81%
RAD -48.23%
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