TSM Forms Bull Pennant?!Good morning/afternoon/evening traders,
This solid company could be imminent for another breakout soon and offer a nice short-term trading opportunity.
Please see the chart.
HakoneDream
2330 trade ideas
Taiwan Semiconductor $TSM "cup w handle"$TSM clears the buy point of cup with handle.
12 months Consensus Price Target: $47.50
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Taiwan Semiconductor Provides Clear Roadmap of Market TechnicalsOften times during countertrend moves, price action can become choppy, overlapping, and difficult to read, let alone trade.
It is important to be continually monitoring charts of individual issues, as well as the major averages, as often times, when one is choppy and "unreadable," the other will give a tell as to where you are, technically speaking, within any particular market cycle.
For example, while the charts of the major averages have become choppy as of late, and FOMO investors exchange financial blows with traders who are looking for the proverbial "top-tick," to get short, I have taken to looking for the omnipresent "tell' stocks.
These are stocks that are typically widely held, large-cap, and very liquid stocks, and as such, present a descent proxy for the overall market.
At this moment, Taiwan Semiconductor (TSM) presents us with a very clear roadmap for where we are.
1) it has completed a very clear 5 wave impulse from the 1998 low
2) Clear alternation between wave 2 and 4
3) A textbook 3 wave counter-trend move of the March 2020 bottom.
When the current counter-trend rally exhausts itself, the market, including TSM will be engulfed in a very strong, and profitable, wave C. There will be virtually no stock that will be unaffected, as correlations converge on 1.0
Keep watching here for updates good trading.
Taiwan Semiconductor Next-Generation Automobile TechnologyTaiwan Semiconductor Next-Generation Automobile Technology Platform
Go to the Invest2Success Blog and or Contact Me for the Details
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TSM - 10% Potential by EOY PLUS DividendsIf price breaks above the local high (look at green dotted line), we might have a runner back to ATH. My stop will be a close below the rising trend line and will move accordingly with price.
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TSM potential break outTSM chart formed a nice triangle for potential breakout in a cluster with GANN reversal time zone, If TSM breakout r breakthrough that 2 GANN angle I think TSM could fly out that triangle .
TSM Bull Flag BreakoutTSM is in a bull flag since mid April. Right now, it is looking like it may be breaking out to continue a trend up.
$TSM Potential Bullish Raising channel Closed with daily doji candle supported by high volume . indicators showing positive move
TSM- EarningsNo FA will be presented, only TA.
Looking like a triple top over the last few weeks, bout to break to the downside by the looks of things from the uptrend it's been in.
RSI downtrending, and at support. Looking like a descending triangle, if it plays the same then expect a drop.
MFI fallen out of uptrend. Waiting to see if retests or not.
A/D dropping a bit over the last 2 days.
Close around $58.38 will have closed below trendline.
Gap at $55.
Not advice.
TSM$TSM earnings better than expected, along with bullish price action, looking strong, esp with 5G demand coming up
TSM, Taiwan Semiconductor Manufactoring - Take ProftNYSE:TSM
How do we look for the classic patterns of technical analysis?
Every weekend we screen the markets of our interest and set alerts.
When do we enter our trades?
On our classic strategy, we enter on Friday, i.e. after the confirmation of the whole week.
In this case you can easily determine at first sight this head and shoulders of continuation.
So you think it is difficult to visually detect these patterns?
Good Trading to All!
$TSM:NYSE - TAIWAN SEMICONDUCTOR - Will it bounce?Has been having a great run up around 60% over the last 12 months.$300 BILLION market cap and a $20 BILLION EBITDA it is a mega whale and hopefully over the next year the trade tensions between the US and China will continue to ease giving it more upside. It has been having a great run, but a bit of a recent pullback means it needs watching to make sure it rallies and continues its upward move. Could be worth a watch.
Taiwan Semiconductor Manufacturing Co., Ltd. engages in the manufacture and sale of integrated circuits and wafer semiconductor devices. Its chips are used in personal computers and peripheral products; information applications; wired and wireless communications systems products; automotive and industrial equipment including consumer electronics such as digital video compact disc player, digital television, game consoles, and digital cameras. The company was founded by Chung Mou Chang on February 21, 1987 and is headquartered in Hsinchu, Taiwan.
i49.TSMBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
TSM HEAD AND SHOULDERS CONTINUATION?TSM IS IN A FIRM UPTREND AND FORMING AN INVERTED HEAD AND SHOULDERS CONTINUATION PATTERN ABOVE ITS 200 DAY MOVING AVERAGE. I WILL BE LOOKING TO BE LONG AT A 3% PRICE ABOVE THE HORIZONTAL BOUNDARY AT $47.07 WITH A PRICE TARGET OF $57.03 ish.
$TSM Up to 56-57 then drop to channel bottomBullish on longtime frame but investors entry shall be above 48 .. last 3 session showing bullish move may will push price to channel resistance at 56-57 then drop to 52.5
LONG TSMStrong upward momentum with gap support at 52.1, bounced off .312 fib with bullish divergence on MACD & Stoch. Tp fib extension .618.
Entry 52.99
SL 51.98
TP 55.2
2.21/1.01 = 2.19R
Possible post-earnings bounce levels for Taiwan SemiconductorsWith industry-leading technology and low exposure to China tariffs, Taiwan Semiconductor is poised to thrive in the trade war era. The stock soared to overbought levels ahead of earnings, then blew away analyst estimates on its earnings report. However, the stock has been dropping after earnings because the price had gotten too high, too fast. Its current P/E of about 24 is about average for the semiconductor sector, but it's well above TSM's five-year average of 16. TSM is bound to bounce at some point and resume its uptrend; the question is when.
If this were any other other sector, I'd expect to plummet right through our first support level. However, semiconductors have absolutely defied gravity lately, so it's fully possible that the first support will give us our bounce. Here's one possible scenario, in which we get a mini-bounce from the first support and then a stronger bounce from the first trend line:
Here's another likely scenario in which we fall to the second trend line and bounce from there:
Even if we do break the second trend line, we've got a nice, strong volume node right underneath it at 44.17 to act as a secondary support. Best case scenario for buyers is that we head all the way down to about 42, where another strong volume node is located.
My strategy for playing this is to buy at the first trend line, with a stop loss right beneath it in case the stock breaks down further. If it does, then re-enter at the second trend line and just hold, with no stop loss. If it falls further to 42, triple the size of my position. As always, this is just an idea as to how the market will move and is not intended as investment advice. Happy trading!
