TSM
TSM possible scenarios...patience will be crucial with TSM...
1.) Scenario that we can looking for setup is "ABCD" pattern where right now we are in (C) point and that is good setup for buy ... but ...
2.) But as we can see with pink color, if price come down on point (A) we will looking, will the price do a "head and shoulder" and than that will be good setup at price by approx. $105.22
3.) And with yellow color we can see If the price come at point (A) and just bounce back in "ascending triangle" and make ATH we will looking for resistance brake and setups for buy.
Thank you for reading, and this is not purchase recommendation... Push like button or comment if you like this analysis or if you have some your view. :)
NYSE:TSM
TSM Long 12/23/2020TSM is a leading chip maker for some of the largest tech companies on the planet, including Apple, Sony, Huawei, Qualcomm, and others.
It is pushing new all time highs & I bought in anticipation of a breakout to those new highs. I got long half of a position @ $104.14 with a stop @ $101.75. I didn't feel comfortable putting on a full sized position going into year-end, but if the trade continues to work for me, I am looking to add. With an initial stop loss of ~2.3%, I am looking for at least a 5% move from my initial entry price, which is roughly the $109.50 level.
TSM Long from Q2 2021. TP 120Monthly
Strong uptrend.
I think for now its too much overheated.
Correction is needed.
Weekly
Wave 5th is finished.
No reasons to open long Now.
Better from end of correction. I think from Q2 2021 - will be good entry.
Daily
I expect Double TOP - people will try to get 100, but failed again.
Also weak Earning in Q1 2021 = decline. ABC correction.
Open LONG in Feb- March. from 82
SL 75
TP 120
RR 6
TSMC Breakout: Powering the AI MegatrendAfter consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum.
TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm, etc - and arguably underpins much of the world’s tech boom and AI megatrend.
Part of the fuel for the breakout came from Apple’s new iPad Air announcement yesterday, utilizing their latest A14 Bionic, the first consumer chipset to run on TSMC’s most advanced mass production 5nm process.
This is one stock you’ll want to own for the long haul.
TSM Analysis Expect a bullish breakout
Daily
Bull Flag
Bullish Separating Lines
Increasing volume
Bullish Momentum Reversal
MACD/RSI Curling up
Breakout Level: 83.33
4hr
Bullish Rectangle
Consolidation with Wide Price Swings
Bullish Engulfing Outside Bar (with Volume)
Bullish Hidden Divergence (CCI)
Bullish close above 81.75
Strength in Trend
1hr
Inverse H&S (Complex Bottoms)
Bullish Hidden Divergence (MACD,Stoch,Diosc,VWMacd)
3 White Soldiers (with rising volume)
Strong Bullish Momentum
Bullish Rectangle with Consolidation since 07/28
TSM: Cup with handle longBeautiful cup with handle formation. Breakup out of handle plus above the recent daily downtrend line. From weekly chart you can see it is in a long term uptrend. Notice the large positive reversal in the weekly RSI. (lower RSI with higher bottom in price). This gives a target of a possible target of 84.
From Zacks;: Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.
US stonx I'm interested inAMAT - Applied Materials
The domestic TSM, almost sounds like Tiamat. Eastern Asian spies? In my processor? It's more likely than you think.
www.nasdaq.com
CMI - Cummins
Lol, produces stuff for different industries, natgas. Should monitor PPI for April.
www.nasdaq.com
www.bls.gov
www.bloomberg.com
BBVA - Banco Bilbao Vizcaya Argentaria
This one doesn't look too hot but they're 'investing in zero knowledge proofs' and all that matters is that they mention 'blockchain' for the exit pump.
www.nasdaq.com
www.bloomberg.com
www.bbva.com
cointelegraph.com
Dead cat, sleeping bearArticle title: "Dow Jones Futures Jump After Coronavirus Stock Market Sell-Off Continues; Disney, Salesforce, Virgin Galactic, Insulet Move On News"
Excerpt: Dow Jones futures rose 0.8% vs. fair value. S&P 500 futures climbed 0.8%. Nasdaq 100 futures popped 0.9%. Dow Jones futures have been volatile.
How a +1% from the low of the new daily looks:
I'd love to be an author for these types of articles.
Anyway, I'm interested in this insane gap retrace and how to hedge against it. For tech, going long on TSM makes sense as its one of the top producers for Apple and AMD. It makes double sense because the current U.S. presidential administration has talks of banning their chips because of spies. Very cold war esque way of getting stocks on the low.
This is with the intention of holding AMD put options and looking for an entry into TSM or XLK with a longer expiry.
The other easy option is to go into a stable currency. Fumbamentally, gold as a store of value is a farce since it broke its 'always go up' trend a few years back and now the supply is majority owned by the U.S. government. It's the Dollar Gold. What could happen:
1) Market recovers tomorrow and gold is dumped back to the mines because it costs to secure it.
2) Market doesn't and, in your moment of despair, have to sell your gold at a low to be able to eat.
3) Gold hoarding and debt growth was actually a secret tactic by the U.S. to destabilize currencies and make gold the new money. Possibly dragon origin.
Daily DJI futures hit oversold on VZO, should be alright: