TSEM watch $35.42/85: Key Fib zone may End Bounce or mark BottomTSEM looking "strong" amongst weak chip makers.
Testing resistance a third time, perhaps the charm.
Break-n-Retest would = BOTTOM IN, reject = DOOM.
TSEM trade ideas
TSEMFUNDEMENTAL ANALYSIS
TSEM, a foundry business based in Israel. A potential small cap gem which may experience exponential growth over the next few years, largely due to the demand in semiconductor solutions as part of the AI super-cycle. All eyes have been on Nvidia, which continues to receive strong demand for their GPUS, with Blackwell release on the horizon. If Nvidia isn’t done with its run, which I don’t think it is, we could see other semiconductors names continuing their run. I don’t think Nvidia will give you a multi-bagger but a name like TSEM may well do that. Not because of any underlying technology but merely because it is an undervalued company according to financial metrics. Also, TSEM supplies services to the autonomous vehicle, smart device, industry automation sectors. With a focus on manufacturing analog, mixed-signal and RF technologies – this aligns with the requirements of AI-driven innovations (autonomous vehicles in particular).
TECHNICAL ANALYSIS:
-ABC correction from Dotcom Crash over a 14 year period.
-All time low put in during 2009
-Start of an uptrend, 12345 waves pattern
A crash ensued where we saw a Fibonacci retracement to the Golden Pocket (0.618). This coincided with the Weekly RSI being taken out and thus a complete reset.
-Possible start of wave 2, as part of a larger 5 wave move back to the upside. Bullish confirmation will be a break out above $50 with high volume.
CONCLUSION
The ideal entry was missed but there may be some room to go to the upside. If we do indeed see a continued AI driven super cycle over the coming year or two, especially with Blackwell on the horizon, we may see other semiconductor names like TSEM benefiting. Given it’s small cap status, I deem this a worthy company to keep on my radar.
Tower Semiconductor Reports Strong Sales Growth in Q2 2024Tower Semiconductor Ltd. has released a positive earnings report for Q2 2024, demonstrating robust sales growth across all its business segments, with a notable performance in the optical receiver business for fibre optic links. The company's revenue climbed to 351 million USD for the quarter ending 30 June, up from 327 million USD in the same period the previous year.
Net income for the quarter reached 53 million USD, or 0.48 USD per share, an increase from the previous year's 45 million USD, or 0.40 USD per share. Additionally, Tower Semiconductor generated a solid free cash flow of 113 million USD. The power management systems segment continues to perform well, supported by a diverse product line capable of handling up to 700 V voltages.
Technical analysis of Tower Semiconductor Ltd. (NASDAQ: TSEM)
Reviewing the potential trading opportunities based on the current technical setup of Tower Semiconductor's stock:
Timeframe : Daily (D1)
Current trend : the stock is currently moving within an ascending channel that began in April 2023
Resistance level : 44.20 USD
Support level : 40.05 USD
Potential downtrend target : if the stock reverses its trend, a possible downside target could be 36.50 USD
Short-term target : if the uptrend continues and the stock breaks through the resistance at 44.20 USD, a short-term target could be set at 48.00 USD
Medium-term target : with continued positive momentum, the stock price might target 52.00 USD
Investors and traders should monitor Tower Semiconductor closely, especially given its strong quarterly performance and the positive outlook in its key business areas.
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Tower Semiconductor's Strategy Amidst Industry ChallengesTower Semiconductor ( NASDAQ:TSEM ), an Israeli-based contract chipmaker, recently released its fourth-quarter earnings report, showing a decline in revenue. The dip in revenue was due to a decrease in demand from the automotive sector, which is currently facing uncertain times. However, despite the ongoing Israel-Hamas conflict, the company's operations and supply chain were not affected. In fact, the semiconductor company's Nasdaq-listed shares rose by 8.1% to $30.95 in morning trade.
Several chipmakers, including STMicroelectronics, have indicated a surplus in the automotive sector. This is likely to put pressure on demand for companies like Tower Semiconductor ( NASDAQ:TSEM ). STMicroelectronics predicted a more than 15% decline in its first-quarter revenue in January, attributed to softer automotive demand.
Tower Semiconductor ( NASDAQ:TSEM ) specializes in the manufacturing of analog and mixed-signal chips primarily used in automobiles. For the three months ending on December 31, 2021, the company recorded revenue of $351.7 million, which indicates a decline of over 12% compared to the same period last year. The company announced that it plans to phase out certain lower margin products, but it did not provide any further details.
While Tower Semiconductor's ( NASDAQ:TSEM ) facilities in Hokuriku, Japan experienced damage to some of their tools following an earthquake on January 1st, "work in progress" was affected and operations were temporarily suspended. However, both factories have since resumed full operations.
Looking ahead, Tower Semiconductor ( NASDAQ:TSEM ) has projected its first-quarter revenue to be $325 million, with a margin of variation of 5% in either direction. The company reported adjusted earnings of 55 cents per share for the fourth quarter. CEO Russell Ellwanger remarked that despite the earthquake in Japan during the quarter, Tower still managed to surpass profit and revenue estimates. However, he also mentioned that they would have been higher if it were not for the natural disaster. Ellwanger also stated that in 2024, the company anticipates significant quarter-over-quarter growth throughout the year.
In 2023, Intel terminated its planned $5.4 billion acquisition of Tower Semiconductor ( NASDAQ:TSEM ). However, Ellwanger stated that they were able to secure an agreement for high capacity at an Intel-owned factory in New Mexico to manufacture 65-nanometer chip flows for power management. Customer prototypes are expected to be available in the second half of 2024. "We were able to leverage off (the Intel termination) very well," Ellwanger said. However, "if the deal had gone through, I believe there are other things that we could have pursued that we are not currently doing."
TSEM tripple bottom TSEM has made a tripple bottom chart pattern which is a bullish signal
If it crosses the neck line of 46$ there is a possible bull run till 50+
At the moment its also below a heavy volume line i.e at 44 level
Already bounced 3 times from 39 level
Entry @ CMP (i.e 41.48)
TP 1 @ 45
TP2 @ 50
SL @ 38
Intel to Acquire Tower Semiconductor for $5.4 Billion!!!TSEM: Tower Semiconductor Ltd.
2022-02-15 04:05:00
Intel to Acquire Tower Semiconductor for $5.4 Billion
TSME Going Ballistic1) Global Chip shortage (diminishing supplies) + Extremely High demand = TSEM touching $600-$700 before 2026-2027.
TSEM 4 HR. Waiting Bull.I am waiting for lower lows, but this is a long setup so I am selecting long.
I am waiting for the 1.5 or deeper if it comes that far.
Where the H/S influence ends, nobody knows.
Let's find out.
Long entry Jan 4... Target 28 by January 15 - next weekUOA for January 2021 28 CALLS.
Monday 28, 2020
01:10 PM
TSEM
TSEM - ***CONTINUED CALL BUYING*** Tower Semiconductor Option Alert
TSEM - ***CONTINUED CALL BUYING*** Tower Semiconductor Option Alert: Jan 15 $28 Calls at the Ask: 7000 @ $0.55 vs 370 Open Interest: ...
12:09 PM
TSEM
TSEM - Tower Semiconductor Option Alert
TSEM - Tower Semiconductor Option Alert: Jan 15 $28 Calls at the Ask: 1500 @ $0.55 vs 370 Open Interest:...
09:53 AM
$TSEM - Breakout$TSEM
Breakout - Possible subwave 1 of wave 3 (still trying to master the fibs?) both of which end up around the ATH levels. MACD and RSI both curling. EMA's lining up nicely. Nice volume shelf.
“I’m not an expert but I have watched a lot of youtube videos.”
NASDAQ:TSEM
Tower Semiconductor short term trade Entry level $25.88
Target Price $27.49
Stop loss $25.00
P/E ratio = 25.04
Average Recommendation: BUY
Average Target Price:$27.92
Company profile
Tower Semiconductor Ltd. engages in the manufacture of integrated circuits. the firm operates through the TowerJazz brand. Its process platforms include SiGe, BiCMOS, mixed-signal/CMOS, radio frequency complementary metal-oxide semiconductor, CMOS image sensor, integrated power management, and micro-electromechanical systems. It also provides design enablement, transfer optimization, and development process services to integrated device manufacturers and fabless companies. The company was founded in 1993 and is headquartered in Migdal Haemek, Israel.
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Tower Semiconductor Ltd Bullish Indicators and price action bullish as the stock aims for a breakout.
Entry level $21 | Price target $23.35
P/E ratio 17.91
Average analysts price target $23.88 | Buy
Company profile
Tower Semiconductor Ltd. engages in the manufacture of integrated circuits. the firm operates through the TowerJazz brand. Its process platforms include SiGe, BiCMOS, mixed-signal/CMOS, radio frequency complementary metal-oxide semiconductor, CMOS image sensor, integrated power management, and micro-electromechanical systems. It also provides design enablement, transfer optimization, and development process services to integrated device manufacturers and fabless companies. The company was founded in 1993 and is headquartered in Migdal Haemek, Israel.
TSEM could go furtherWe wait for the breakout -
nice weekend to all and be safe with your stop losses.
TSEM Day Trade on Positive Earnings TSEM is gaping up on positive earnings call, has a conference call at 10:00. its Daily chart and 15 min chart are consistently bullish; showing strength. I would go long on it, if it clears the 20.66 pivot has room up to 22.64. I am not interested in shorting it. As it has broken out of consolidation on the daily chart so its more on the bullish side.
TSEM - Upward channel breakdown short from $32.67 to $30.67TSEM seems breaking down from an upward channel. It has strong twiggs money flow divergence. We think it has very good downside potential if it breaks the channel formation.
* Trade Criteria *
Date First Found- December 12, 2017
Pattern/Why- Upward channel
Entry Target Criteria- Break of $32.67
Exit Target Criteria- $30.67
Stop Loss Criteria- $34.03
Special Note- Twiggs money flow divergence
Please check back for Trade updates. (Note: Trade update is little delayed here.)
TSEM watchTSEM, bought it on november 16, one day after the earnings gap. slow mover, but continous. love the chart. It just doesnt give you a spot to add or reenter. worth keeping an eye on and consider on a greater pullback
TSEM looking interesting off the 50dmaAfter gapping higher on earnings, TSEM has consolidated sideways over the past month and a half. It has approached the 50dma and has so far found support at it. Support can also be seen around 14.77. This level has been successfully tested 3 times so far.
See if both 14.77 can hold as well as the 50dma. If it can and TSEM can move back above its short term moving averages (5ema, 10ema) and close above them, it will trigger long for me.
TSEM is part of the semi-conductor industry group which continues to be hot right now. See SMH.
Tower Semi Post Big Earnings Beat -- Diamond Bottom BreakoutTower Semiconductor Ltd TSEM:NSDQ
DIAMOND BOTTOM BREAKOUT
Target Price Range: $14.70 - $15.30
Trading Considerations
Duration of Pattern
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the pattern the longer it will take for the price to move to its target. The shorter the pattern the sooner the price move. If you are considering a short-term trading opportunity, look for a pattern with a short duration. If you are considering a longer-term trading opportunity, look for a pattern with a longer duration.
Target Price
The target price provides an important indication about the potential price move that this pattern indicates. Consider whether the target price for this pattern is sufficient to provide adequate returns after your costs (such as commissions) have been taken into account. A good rule of thumb is that the target price must indicate a potential return of greater than 5% before a pattern should be considered useful. However you must consider the current price and the volume of shares you intend to trade. Also, check that the target price has not already been achieved.
Inbound Trend
The inbound trend is an important characteristic of the pattern. A shallow inbound trend may indicate a period of consolidation before the price move indicated by the pattern begins. Look for an inbound trend that is longer than the duration of the pattern. A good rule of thumb is that the inbound trend should be at least 2 times the duration of the pattern.
TSEM Day Trade Retest Gap (Brad Reed Mar3,2015)TSEM expected to open at 18.25 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
