Entry 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...
After retesting daily support, price made a gap up today with volume. Price on 1st October - 47.46
This 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 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.
Decided to get some soxs today. spx run loosing pressure? Will another china tweet push over highs? will tsm lowered guidance inspire investors?
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.
- or will correct the trend after a while...
- 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 ? ;-)
Breaking down with rest of semi conductor group
buy: 39.53 sell: 42.69 8% gain stop 37.95 4% loss duration: 9 business days
Taiwan 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...
A double bottom was formed around the 42 mark and is now retesting the top resistance to break out past the $44.33 mark. Keep in eye out for good volume to confirm the breakout up to $45-$46 mark for 2-4% gain by beginning to mid next week.
TSM is solidly showing trend and predictive behavior when comparing to MAs Right now we are clearly forcing the bollinger which is obviously a bearish signal Safe entry $40.50 Speculative entry $42 Very speculative $44 Stop loss as you like (under 100MA possibly)
See chart for details. No macro based comments on this one. Compare to SMH for relative strength measure. Like Comment Follow for more