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(TSM) Pivots Trading Plans and Risk Controls

Longer Term Trading Plans for TSM
  • Buy TSM slightly over 117.12 target n/a stop loss @ 116.78. Details
  • The technical summary data tells us to buy TSM near 117.12, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 116.78 to protect against excessive loss in case the stock begins to move against the trade. 117.12 is the first level of support below 129.1, and by rule, any test of support is a buy signal. In this case, if support 117.12 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for TSM
  • Buy TSM slightly over 135.44, target n/a, Stop Loss @ 135.05 Details
  • If 135.44 begins to break higher, the technical summary data tells us to buy TSM just slightly over 135.44, with an upside target of n/a. The data also tells us to set a stop loss @ 135.05 in case the stock turns against the trade. 135.44 is the first level of resistance above 129.1, and by rule, any break above resistance is a buy signal. In this case, 135.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short TSM slightly near 135.44, target 126.53, Stop Loss @ 135.83. Details
  • The technical summary data is suggesting a short of TSM if it tests 135.44 with a downside target of 126.53. We should have a stop loss in place at 135.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 135.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TSM
  • Buy TSM slightly over 133.62, target 135.44, Stop Loss @ 133.31 Details
  • If 133.62 begins to break higher, the technical summary data tells us to buy TSM just slightly over 133.62, with an upside target of 135.44. The data also tells us to set a stop loss @ 133.31 in case the stock turns against the trade. 133.62 is the first level of resistance above 129.1, and by rule, any break above resistance is a buy signal. In this case, 133.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short TSM slightly near 133.62, target 126.53, Stop Loss @ 133.93. Details
  • The technical summary data is suggesting a short of TSM if it tests 133.62 with a downside target of 126.53. We should have a stop loss in place at 133.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 133.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Page here: TSM.

TSM Ratings for February 13:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 96
P2 133.62 126.53 106.09
P3 139.33 135.44 117.12
Triggers may have already come
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Support and Resistance Plot Chart for TSM

TSM Long Term Analysis for February 13 2024

Blue = Current Price
Red= Resistance
Green = Support

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This Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for TSM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if TSM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for TSM too.  All of these are offered below the Summary Table.