2330 trade ideas
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!
TSM Earnings tomorrowHad I noticed this earlier, I probably would have bought some puts. Overbought headed into earnings, and a parabolic rise.
If they pump it on earnings, I'm buying puts. Something to watch for tomorrow.
Short TSM Taiwan Semi To Pullback After Earnings?Taiwan Semi getting ahead of itself as has the $SMH
Do not trade on my opinions.
Your trades=Your responsibility
TSM SMH SOXX
Taiwan Semiconductor Bucks the trend, Bullish breakoutEntry level $48.70
Price target $53.00
Stop loss $47
Average analysts price target $51.36
Average analysts recommendation Overweight
Yield 3.37%
P/E ratio 23
Company profile
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.
Semiconductor company gapping upAfter retesting daily support, price made a gap up today with volume.
Price on 1st October - 47.46
Arriving at long-term buy opportunityThis large-cap stock has been trending sideways for a long time now; overall bullish coiling on the monthly chart with a reverse head and shoulder pattern. Now arriving at a weekly buy zone.
This can be a long term buy - the potential target at 44 or even higher.
Best
TSMC: Trading at top of a +/- 20% rangeTSMC has been trading in a +/- 20% range since Jan 2018 and this is the 3rd time the stock has hit the top of the range. Be it more tariffs, smartphone saturation or the fact that Chinese crypto mines are being shut down, the demand picture for chips are just not that great.
why i got some soxsDecided to get some soxs today.
spx run loosing pressure? Will another china tweet push over highs?
will tsm lowered guidance inspire investors?
Taiwan Semiconductor (Reversal)TSM is moving towards a key resistance level which could in-turn create a reversal. That level is just under $39.00. Big tech companies are anticipating the release of 5G, so most if not all mobile devices will have capabilities and Qualcomm which is a customer of TSM will be producing a lot of chips.
TSM - this behemoth in Semis is Sinking- why ? because globally things are just working very good...
- the market is already shorting this battered stock which is actually processing 90% or more of the semis across markets...
Now ... if semis are working so great... how do you think banks will ? Or FANGs ?
Maybe ppl are stashed in hardware... who knows ? ;-)
