TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10

NYSE

TSM

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

long

Publishing for science

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...

buy: 39.53 sell: 42.69 8% gain stop 37.95 4% loss duration: 9 business days

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

Strong 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...

short term bounce target $38 mid term bounce target $36 long term lowest bounce target for bull thesis $30

tsm short

Just read what i wrote above and you will understand what is happening, we are once again experiencing overbought conditions. Don't forget this is not a currency and not a commodity, it won't go that down.

Bull

To 36.5 .. if cross 36.9 = 37.8 TSM