TSM headed back down 🐻Fire sell in the chip sector. TSM looks to be headed back 113 support and if that doesn't hold it'll hit that demand zone in the 107 area
TSM trade ideas
TSMC To Produce Chips In Japan By 2024 In Deal With SonyThe deal worth USD 7 bn establishes joint venture company Japan Advanced Semiconductor Manufacturing.
TSMC's board of directors officially approved plans to build a chip factory in Kumamoto Prefecture, its first-ever Japanese plant. Sony is set to invest USD 500 million and will hold no more than a 20% stake in the joint company, according to a statement released on Tuesday. The project will be Japan’s largest financially supported endeavor for a foreign-controlled company with billions of Japanese Yen in subsidies. It will create 1,500 high-tech professional jobs in Japan with the construction of the chip plant scheduled to begin in 2022 and production slated to begin in 2024. TSMC already has a plant in Nanjing and is currently constructing a plant in Arizona in the U.S. with considerations to build a new chip facility in Germany.
The semiconductor industry has been a top priority for many nations grappling with recent supply chain shortages. Japan’s response to the crunch is a framework for subsidies that allows companies to build chip factories in the nation. The conditionality is that firms must respond to requests for increased production and prioritize supply to domestic companies should supplies of semiconductors become tight. Sony specifically is TSMC’s biggest client in Japan making the deal quite worthwhile for both ends. The plant will produce state-of-the-art 7-nanometer chips as well as less advanced but versatile 22- to 28-nanometer chips.
TSMC was founded in February 1987 by Zhang Zhongmou and is headquartered in Taiwan. It is a professional integrated circuit manufacturing server with the world's most advanced semiconductor technology.
TSM - 220 LongNYSE:TSM
A classic flag with targets at 220 (the size of the flagpole). Support level 108
$TSM - wave IV bottom appears in - on to ATHTSM appears to have put in a wave IV bottom, and now has broken above the ATH AVWAP and downtrend resistance w/ volume confirmation.
It appears we are in an impulse to the upside that ultimately will lead to a wave V completing in the ballpark of 150-160 range. I expect to see a short term PT of 130 when this minor impulse completes, and then we should see at least 3 waves to the downside which will be a BTD situation for the wave 3 of wave V.
Be mindful that my "path" is what would be seen in the ideal world, and that a lot of times retracements can be deeper or more shallow then depicted. Always do your own DD, but imo given the fire behind semis right now, I think dips on this name are a buy
Long | TSM | Intraday play 11/05/2021NYSE:TSM
Possible Scenario: LONG
Evidence: Price Action , Dark pool activity, Options flow.
Entry point: current price, it can drop more but not important.
TP: 120$
Call options, Strike 32.5$, 12/03/2021, this is the cheapest call options with 40% discount on premium, when it hit TP you should be in 100% profit. GL
*This is my idea and could be wrong 100%
TSMMy TSM trade plan. Entries marked by green arrows, will mostly likely have a third and final entry upon break of this trading range.
$TSM setting up post earnings...Sitting mid-range, and needs to push through this vwap, but next week $120's at $0.24 are low risk, potential high rewards if we move tomorrow and early week...
TSM - STOCKS - 25. OCT. 2021Welcome to our Weekly V2-Trade Setup ( TSM ) !
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4 HOUR
Small bearish turnover..
DAILY
Expecting more bullish pa!
WEEKLY
Great long setup..
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STOCK SETUP
BUY TSM
ENTRY LEVEL @ 114.06
SL @ 112.45
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
TSM looking bullish off earningsTSM been bullish off earnings and consolidating all year in the 107-125 range. Larger POC @ ~117.8. Ideal buy zone $112.75-114.25. $122.5 next target. OBVM trends starting to bottom here. I started a small position at 115, looking for support here.
$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 100%.
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High inflation Please don't playing politics and please career about people live of life quality...before doing wrong job people,l.. Things how to change people life quality, heardcare, and,education, i hope people country open your mind..what u identify real...if u stop, i Will long team forecast in country
$TSM earnings anticipation play...Close your eyes and imagine a scenario where TSM pushes up 3% into earnings...in that example, we are sitting at about $115 and the same week calls going for $0.62 are likely closer to $1.70/$1.80 right before earnings. Then you sell and don't play earnings...that's my example, going to take a shot
TSM longEntry price: 107-109$
Target price: 123-126$
Keltner Channels: The price is oscillating close to the lower boundary.
RSI: Approaching 30 level, thus asset is close to being oversold.
Conclusions: The price just bounced the strong support level. Moreover, among Keltner Channels and RSI the price increase will occur soon. Therefore the long position is recommended after the price will reach the support zone again.
No financial advice.
$TSM Trade the ChannelTSMC is a nice Iron Condor Setup looking back :)
I like credit spreads here or can try naked calls to ride the channel up . Earnings upcoming so a better idea may be to sell puts and capture the IV crush after.
Regardless, TSM has been in the 107-125 range since March and you can trade it as such until we see a bigger box breakout either up or down.
I took the 11/19 110/105P for 1.88 avg
$TSM looking for a move into earnings...I don't play earnings, but I do play anticipation into earnings. Should get some increase volatility and hopefully a move up in anticipation of earnings next week. Next week $115 calls at $0.60 seems like a solid risk/reward. Credit to @utlonghorn for the idea on the chart (not the call option)
Khan's Chart-Requests 20 - $TSMFilled the Gap, now EMA200 remain as hard resistance. Would like to see a strong push through and then it could provide a new support.
Technical analysis (TSM)Limit buy - 110,0$
Target - 120,90
Risk/Reward Ratio - 3,63
Stop-loss - 107,0
TCM10.14 earning day. This company have high quality and maybe earning is growing up quickly nowadays.
$TSM at SupportWith an Excellent risk/reward, here's a play that has made some money for me in the past.
TSM at legendary support and RSI oversold 3:1 risk-reward.
$TSM Right back to critical horizontal supportThe chart is as clear as it gets, $108 is the big level here and it seems to be holding for now. Another bounce to $124-$126 resistance coming?
#TSM mid term AnalysisAs we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of the world chips manufacturer market.
since the July spike the price of #TSM has been trading at a side chanel from 108 usd to 125 usd, in case of a breaking of the 125 resistance at the edge of the accumulation channel, we can expect the price to travel smoothly to a) level target and so on, but in case of breaking the 108 support level we may see bears will take control to the oranges mark supports.
As expected due the economic enviroment right now, lets expect a lot of volatility but thats ok, dont forget you are sitting on a value stock, the stop loss is stretched due volatility.
