TSM trade ideas
TSM Fibonacci positionThis asset retraced to 78.6 ,then rallied back up to close past the previous resistance.This is a good indicator of a move to the upside.Looking to achieve a 161.8 target.
D1 Demand That Broke TL in control, Longs on TSMMN TL is up, MN demand in control, go long from D1 demand that broke down trend line
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 nice bounce in uptrend channelNice uptrend channel pattern. A bit late on this, but still quite compelling.
Interested in everyone's thoughts.
Missed OpportunityLast summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories.
I followed the stock for a little while and then gave up, only now following up.
Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I actually thought it was to good to be true as the TSM and EDU (both NYSE) were the only stocks that appeared in the results.
EDU went from $22 to $34 in about 6 months. Wow, I have to believe!
TSMPotential Diamond (BLUE) is complimented by the potential IHS on the daily chart which would put price near the declining trend line.
Diamonds can break either direction
Seeing upside potential for TSMThe fundamentals suggest TSM is ready for a rally back up to $20 or greater.
Twice open Gapped down the recent one (like the first) rallied and closed up for the week which was a smaller rally than the first. Rally was to 21 daily ema. Retesting bottom, will it hold or drop lower to previous resistance now potentially support at around $15.
If it gets above $17.50 before $15 then likely will run higher. I like the fundamentals of this stock a lot just waiting for confirmation on the technicals to enter long. Another long entry may be if and when price closes above the 21 ema.
