2330 trade ideas
TSM : POSITION TRADEBase on top of a base. Buy on break of previous days high or break out from all time high on above average volume.
BUILDING MOUNTAINIt seems like we are building mountain here, BULLS are surely having fun climbing this. What do you think? lets see also this by EOD. Could this reach 100? Well i was hoping for it or more. As long as Bulls are happy
TSM: This had exploded since INTC revealed a couple of monthsago that their nano chip will be delayed. INTC are seeking outside help with their nano chip manufacturing and TSM may have landed a big chunk of their business. AMD, the other competitor seems to have cooled.
TSM offers another change to enterTSM still has a tight average true range compared to other stocks beaten down this past week. The 10d ATR (x2.7) suggest a stop of only 6.91% below purchase price and allows for a position size of R14.47. Buy on more strength as it passes today's high. It's already a pretty tight stop, but could further tighten the stop by using yesterday's low, but would be more likely to shake out.
Buy Point: 91.18
Stop Loss: 6.91% (84.88)
Position Size: R14.47
End of wave 5?Should we short now based on the price action? I think we can attempt as we are nearing the end of wave 5. Rising wedge and bearish engulfing candle indicate a failure to close above the ATH's top. As such, we are looking for a major correction ahead.
TSM - Elliottwave analysis - 5th wave extensionTSM - It seems extending 5th wave of impulse cycle. So stay bullish in three wave pull back each time whenever the correction will be choppy sideway. The up move seems like in 3rd wave, where subwave 1 is about to finish. Thereafter 2nd subwave correction will be proceed, which may go deeper down. so buy near 87-85 zone with stop level below 83.10 for target of new high above 96 to 100 level. This is one of the most outperformer stock to NDX or SPX.
Give thumbs up if you really like the trade idea.
Taiwan Semiconductor takes a bounce of the 50d MATaiwan Semiconductor Manufacturing is getting a bounce off the 50d MA and shooting up to make new highs.
Tight stop at 84.35 (5.7% below today's close)
Position Size is R17.55
Long term up, but might consolidate for at while. RSI getting momentum
CMF moving towards 0
MACD still bearish
TSM posting better than expected earning.$TSM is trading on the lower boundary of the projected PEAD cone, with a Bullish outlook, As per the projection, price has good room to move to the upside
TSM Uptrend rising wedge - potential bearish reversalUptrend rising wedge pattern forming on the daily, with rough performance lately on this stock... against all odds. A bit of a stretch on this formation, but if the levels hold, we could see a bigger retracement lower, before going up again. I'm bullish on this company - but in the short term we may have to endure some retracing.
Investment strategy would be consider shorting in the near future, but definitely a bullish outlook in the long term
TSM upside possible seeing 95 - 100As it is in a parabolic move in weekly chart , it is hard to project where price could go except using the whole crowd pricing.
So long $80 not broken down, we could potentially see this move to $95 and ultimately at $100 facing a stronger resistance.
Are we seeing the end of wave 5 and start of correction ?Will we be seeing the end of wave 5 or is the current sell-down a short time correction and the next bullish impulse will resume? God Knows.
TSMEarnings BMO tomorrow. Could trade down to $86.49 but it'll get bought up. Earnings should be priced in and the stock won't move
