boost and follow for more! ❤️🔥 rejection here and we dip to 119-131 before more upside. If we can clear trend resistance from 2021/160 long trigger then a explosive rally to 180-200 should follow.
Not financial advice.
NYSE:TSM
On its way to the top of channel will this be a break or bust? so far Fibonacci numbers align with the correct retracement. Bulls need to step in.
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April revenues came at T$236.02B. This is up 59.6% year-over-year and up 21% month-over-month.
January - April revenue came at T$828.67B. This is 26% year-over-year. The company Fundamental metrics are great.
Also, their technical analysis looks ready for more upside.
Are you buying?
Taiwanese chip giant BCBA:TSMC reported a 60% increase in April revenue, driven by a surge in demand for advanced semiconductors used in AI hardware. The Taiwan Semiconductor Manufacturing Company controls over half the world's chip output and supplies them for various products, including Apple's iPhones and Nvidia's artificial intelligence hardware. The...
TSM showing strength here with buying momentum clearly picking up at possible higher low with 4h highs to take out. Should provide multiple buy opportunities to the upside as long as hourly continues to trend.
TSM at new highs but up against a Golden Genesis fib at $149.07
Sister golden fibs below have been very relevant to price moves.
What happens here will give clues to the ongoing trend strength.
It is PROBABLE that we "orbit" this fib for some time.
It is POSSIBLE that we have "topped" for now or forever.
It is PLAUSIBLE that we "flip" into support and keep...
are some key levels to watch out for in the short term if price can recover from its current downtrend following its most recent reported earnings.
Even though being up a rough 38% in the last 6 months, the gains so far has been quite giving. A retracement into its overall uptrend would be something to watch out for.
Correction its fallen below the ichimoku...
Trend
- On the weekly chart: Clearly showing an uptrend.
- The uptrend channel has extended 100% and is expected to return to the middle line at least, with a chance of reaching the lower band of the original channel.
100% Symmetrical Projection: Uptrend “N” Patterns
- A 100% Symmetrical Projection of the initial swing (from A to B) and then projected...
Despite a recent dip in stock value, BCBA:TSMC 's first-quarter performance has exceeded expectations, driven by robust demand for advanced chips, particularly those powering AI applications. As the world's leading producer of advanced processors, TSMC's strategic positioning and steadfast commitment to technological leadership continue to fuel optimism among...
TSMC detection of a "falling Wedge" and a "BAT" potential.
The price could rise and reach the gap upwards towards 147.25 then higher at 156.11
On the downside the market could go down to 135.92 then to 128.76 and finally to 125.27
Additionally, the RSI is divergent with the stock price §
be attentive and monitor the Ichimoku levels
📈 Market Analysis:
Industry Trends: TSM is positioned for growth amid rebounding global semiconductor sales, driven by increasing demand.
Technological Advancements: Investment in state-of-the-art 2-nanometer chips in Arizona underscores TSM's commitment to innovation and staying ahead in the industry.
Partnerships and Innovation: TSM's involvement in the AI...
Ticker: TSM (Taiwan Semiconductor Manufacturing Company)
Current Price: $142.57
Technical Analysis: Potential Short-Term Bearish Signal
Price Action Observation: TSM is currently trading at $142.57, with a possible double top formation identified around $147.40 (purple dotted line). This formation often signifies a potential reversal in the ongoing...
