Placed an order for market open to buy TSM. Nice setup here with multiple confirmations.
Elliot Wave 5 identified with a bounce from support zone and Demark buy 9 signal.
TP is open with trade as no resistance level so will target the 1.618 level.
This trade embodies the essence of Mark Minervini's championship trading style, focusing on bullish breakout trades. Here's the breakdown:
This is a bullish breakout with increased volume, bearing in mind that volume often precedes price movements. Additionally, the stochastic indicator suggests that the stock is either overvalued or in high demand, reinforcing...
TSMC as you all know is the Taiwan Semiconductor Manufacturing Company.
Mr. Warren Buffet bought a huge chunk of shares of late last year, but recently sold on fears?
But did make a huge % gain for his investors.
So Investing is Risky, and I am more of a longer term type investor.
But as all investing, we need to document our decisions and I can show all how to...
Taiwan Semiconductor Manufacturing Co ( BCBA:TSMC ), the world's largest contract chipmaker, is set to win more than $5 billion in federal grants from the U.S. government for setting up a chipmaking plant in Arizona, Bloomberg News reported on Friday.
The award is yet to be ascertained and it is unclear whether BCBA:TSMC will tap the loans and guarantees also...
I regret investing in MSTR and TSM. But we can focus on now and foregt the past as we have good entries in PYPL, SQ and NIO.
Also a quick update on TQQQ that is going according to plan.
This post should speak for itself. A lot of positive sentiment towards the stock and I'm hoping for it to shoot up in the next month. First target 140-150, second target 160.
Taiwan Semiconductor Manufacturing Co. ( NYSE:TSM ) has reached unprecedented heights, surging to its highest-ever level amidst a global rally in chip stocks driven by the promise of artificial intelligence (AI). As TSMC's market capitalization approaches $600 billion and its stock price reaches historic milestones, the company emerges as a pivotal player in the...
The long-term outlook for all semiconductor companies is positive
Due to the boom in artificial intelligence and the increased demand for chips
The only obstacle they may face in the coming period will be any fear regarding supply chain disruptions
TSM itself has positive news and positive expectations for the coming period, especially after its announcement of...
Weekly chart, the stock reached a cluster of resistances R1 and R, and could not cross.
There is a tendency to test the mid line or the support line S
Above the R line, a rising expanding wedge pattern will be completed, and the target will be 195 then 220
Stop loss below SL line
TSM just popped into a double fib confluence..
Chip sector is very strong, so likely to continue.
Looking for a little dip to add, or Break-n-Retest
$ 133.65 - 133.79 is the exact zone up here.
$ 177.02 - 119.18 will be first strong support.
$ 142.82 - 143.91 will be next resistance above.
TSM break out to 120, 125
After a few days of consolidation from its 105 break out to 110,115. We should see 120 and 125 in a few days or by Feb monthly.
In response to soaring customer demand and amidst ongoing global chip shortages, Taiwan Semiconductor Manufacturing Company ( BCBA:TSMC ), the world's largest chipmaker, has announced its intentions to bolster its presence in Japan by constructing a second semiconductor fabrication plant, or fab. This ambitious endeavor comes as part of TSMC's broader strategy to...
NYSE:TSM have broken out of weekly consolidation and is extremely bullish with the start of 2nm chip in progress from 2025 onwards.
My view is run up till March 2024 reporting. Not in the 200+ but at least 50% upside.
To continue breaking new highs as it progresses to break its previous highs from years prior, as volume is starting to develop within this sector. The road to recovery may be near as the looming expectation of Taiwan being attacked is apparently no longer of topic. For now TSM continues with good buying pressure on the weekly as we observe the chart to the left,...
If you haven`t sold TSM here:
Then analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor prior to the earnings report this week,
I would consider purchasing the 100usd strike price at the money Calls with
an expiration date of 2024-9-20,
for a premium of approximately $11.45.
If these options prove to be profitable prior to the earnings...
Clear correlation with semi conductor manufacturing and BTC, I'm guessing semi conductor industry increases into the future with AI increasing? Hold correlation and we going up I'm guessing along with the money supply increasing also. Have a great day ya all.
