Semiconductor company gapping upAfter retesting daily support, price made a gap up today with volume.
Price on 1st October - 47.46
TSMC trade ideas
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.
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 - Upward channel breakdown, short from $29.46 to $27.43TSM broken down longer term upward channel, retested it & now seems rolling over. It is in the weak semiconductor sector. It has nothing significant to support a breakdown, so we are looking for a short-term Stock trade. A break below $29.46 will be entry confirmation & our target is $27.43
You can check our detailed analysis on TSM in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:30"
Trade Status: Pending
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 ? ;-)
TSM daily bulllish butterfly after earningsTaiwan Semiconductor Manufacturer has a bullish butterfly pattern after its earnings.
It didn't really pull back much since 2015-8-24, so this trading opportunity is worth noticing for potential reversal sign near 38.00-39.00
In terms of trading, TSM is not the one people mention the most in Taiwan for its steady move and lack of volatility;
while in terms of investing, almost everyone will think TSM is the top 3 pick for long-term investing.
Finding a good entry for this stock and execute the buy and hold strategy is not a bad idea at all ~
Let's see how it goes!
TSM Long on Fundamentals and TechnicalsStrong and consistent revenue growth should drive earnings. With a P/E of 17.3, it is inexpensive compared to rest of market. Their customers, including major tech players such as Apple , Nvidia , AMD , and Huawei, having continued growth will drive TSM's revenue and earnings into the long term future. Timing using technicals: it's held a trendline since starting its bull run in 2016. Now testing that again could provide a good entry point. Some ETF exposure to it: it is 10.16% of SMH , 3.8% of SOXX .
