TSM - Stock Analysis 7/8/24

Technical Analysis*

(^H1 chart of TSM)

Considering the price action of TSM, the price has been trending upwards, showing a strong uptrend. The price is significantly above the 200 EMA, serving as another proof for the strong uptrend.

The volume shows steady trading throughout the uptrend, with some spikes showing increased buying interest. The MACD histogram is positive, indicating bullish momentum. This is good for the overall trend... however the MACD seems to be at the max of its increase, inferring a pullback.

(^M15 TSM Chart with support drawn)

(^H4 TSM Chart with fib levels drawn)

Support: Around $183 (consolidation area), $171 (consolidation area), $164 (fib level)

Resistance: $191 (recent highs) and $275 (fib level)

Fundamental Considerations*

TSM holds a strong role in the semiconductor industry and as a key supplier for NVIDIA. TSM’s growth is strongly tied to the expanding demand for semiconductors and the AI boom. Lots of positive sentiment on TSM as it approaches a $1 trillion market cap, reflecting its significant roles in the semiconductor and AI industry.

TSM Investors Page

Possible long term position*:

(Assuming continued market sentiment)

Entry: 186, 183, 178, 171 (Dollar cost averaging)

S/L: 162 or 140 if fundamentals remain well (Both are slightly below fib levels)

T/P: 200, 272, etc.

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