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
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...
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...
📈 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...
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...
Removing earning reports and news good or bad. We have heard nothing but AI recently. I think people will see better opportunities in other areas. return to trend and support zone expected. Long term triple top?
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...
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...
The United States Department of Commerce has confirmed a substantial support package for Taiwan Semiconductor Manufacturing Co. (TSMC), earmarking a 6.6 billion USD subsidy to facilitate the establishment of a new semiconductor manufacturing base in Arizona. This initiative is further bolstered by up to 5 billion USD in low-interest loans from the...
In a groundbreaking move to bolster domestic semiconductor manufacturing, Taiwan Semiconductor Manufacturing Co. ( BCBA:TSMC ) has secured a monumental $11.6 billion investment from the United States. The initiative, spearheaded by President Joe Biden, underscores a strategic effort to fortify America's position in critical technology production.
Under the terms...
TSM break out to go up it will go higher and higher , now TSM change Resistance to Support . so the trend is up trend it will continuous go up maybe go to 200$ per share
Has potential to reach even higher with earnings coming out on the 19th. However you must always be prepared for the worse. Im playing this conservative. Good luck.
Taiwan Semiconductor Manufacturing Company (TSM) broke last month above the long-term Channel Up and immediately pull-back. So far it has been almost 1 month of sideways trading supported by the 1D MA50 (blue trend-line), which has been holding since November 02 2023.
The 1D RSI is on a Channel Down, i.e. a Bearish Divergence and every time it formed this within...
In the wake of Taiwan's most powerful earthquake in a quarter-century, the semiconductor industry finds itself on shaky ground. The seismic event, which caused buildings to crumble and triggered tsunami advisories in neighboring countries, has sent ripples through the global chip market, with leading players such as Taiwan Semiconductor Manufacturing Co. (...
NYSE:TSM opens a good chanse to take 40-50% till the end of this year.
Does not constitute a recommendation.
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