Trading Idea - #TSM - The Semiconductor Leader
BUY the BULL FLAG!
Entry: 121.80 USD
Target: 180.00 USD (47% profit)
Stop: 93.50 USD
- Taiwan Semiconductor Manufacturing Co., Ltd. is mainly engaged in the manufacture and sale of integrated circuits and semiconductor products. The company sells its products worldwide and is considered the market leader in the industry.
- TSM's financial situation is excellent, which gives it considerable investment capacity.
- TSMC negotiates with manufacturers of materials and manufacturers of machines for semiconductor manufacturing with the aim of lowering prices by 15 percent in order to increase their own profitability.
- The prices for electronic devices in which semiconductors are installed have risen by up to 20 percent in the last few months. One reason for this is delivery bottlenecks and the simultaneous increase in demand.
- From a technical chart point of view, a bullish flag could emerge. The resulting price target results from the length of the flagpole.
Entry: 121.80 USD
Target: 180.00 USD (47% profit)
Stop: 93.50 USD
- Taiwan Semiconductor Manufacturing Co., Ltd. is mainly engaged in the manufacture and sale of integrated circuits and semiconductor products. The company sells its products worldwide and is considered the market leader in the industry.
- TSM's financial situation is excellent, which gives it considerable investment capacity.
- TSMC negotiates with manufacturers of materials and manufacturers of machines for semiconductor manufacturing with the aim of lowering prices by 15 percent in order to increase their own profitability.
- The prices for electronic devices in which semiconductors are installed have risen by up to 20 percent in the last few months. One reason for this is delivery bottlenecks and the simultaneous increase in demand.
- From a technical chart point of view, a bullish flag could emerge. The resulting price target results from the length of the flagpole.