Learn to Evaluate (TSM) using the Charts

September 12, 2024, 00:04 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TSM

• Buy TSM slightly over 162.14 target 179.67 stop loss @ 161.67 Details

The technical summary data tells us to buy TSM near 162.14 with an upside target of 179.67. This data also tells us to set a stop loss @ 161.67 to protect against excessive loss in case the stock begins to move against the trade. 162.14 is the first level of support below 170.23 , and by rule, any test of support is a buy signal. In this case, support 162.14 would be being tested, so a buy signal would exist.

• Short TSM slightly under 179.67, target 162.14, stop loss @ 180.19 Details

The technical summary data is suggesting a short of TSM as it gets near 179.67 with a downside target of 162.14. We should have a stop loss in place at 180.19though. 179.67 is the first level of resistance above 170.23, and by rule, any test of resistance is a short signal. In this case, if resistance 179.67 is being tested, so a short signal would exist.

Swing Trading Plans for TSM

• Buy TSM slightly over 179.67, target 197.4, Stop Loss @ 179.15 Details

If 179.67 begins to break higher, the technical summary data tells us to buy TSM just slightly over 179.67, with an upside target of 197.4. The data also tells us to set a stop loss @ 179.15 in case the stock turns against the trade. 179.67 is the first level of resistance above 170.23, and by rule, any break above resistance is a buy signal. In this case, 179.67, 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 179.67, target 163.99, Stop Loss @ 180.19. Details

The technical summary data is suggesting a short of TSM if it tests 179.67 with a downside target of 163.99. We should have a stop loss in place at 180.19 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, 179.67, 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 179.67, target 197.4, Stop Loss @ 179.25 Details

If 179.67 begins to break higher, the technical summary data tells us to buy TSM just slightly over 179.67, with an upside target of 197.4. The data also tells us to set a stop loss @ 179.25 in case the stock turns against the trade. 179.67 is the first level of resistance above 170.23, and by rule, any break above resistance is a buy signal. In this case, 179.67, 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 179.67, target 167.19, Stop Loss @ 180.09. Details

The technical summary data is suggesting a short of TSM if it tests 179.67 with a downside target of 167.19. We should have a stop loss in place at 180.09 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, 179.67, 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.

Check the time stamp on this data. Updated AI-Generated Signals for  Taiwan Semiconductor Manufacturing Company Ltd. (TSM) available here: TSM.

TSM Ratings for September 12:

AI Generated Signals for TSM

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) report below can help you understand how to do this. The trading plans for TSM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.