Open buy · week 3 · earnings on October 15
Taiwan Semiconductor gains 4.9% and closes just shy of its all-time high ahead of earnings
Our view last week
Taiwan Semiconductor posts its 4th straight weekly gain, up 3.7%, and leaves behind the 435 area that capped it last week. Price action stays bullish and money flow has held above zero for 2 weeks: the buy signal is holding, 4% up since entry. For Taiwan Semiconductor stock, one of the weekly buy signals among US stocks, the next test is the 7-day high in the 455 area, still unbroken; in the last session, though, buyers took only 26.6% of volume.
This week's summary
Taiwan Semiconductor posts its 5th straight weekly gain, up 4.9%, clears the 455 area that was still unbroken a week ago and closes just shy of its all-time high, in the 479 area. The weekly MACD is back above its Signal line after 11 weeks and money flow has been positive for 3. For Taiwan Semiconductor stock, one of the weekly buy signals among semiconductor stocks, price action stays bullish, 9% up since entry; a weekly RSI above 70 and earnings on October 15 call for restraint.
IQS Phase
73
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#70 / 93
US stocks in progress
Trade P&L %
+9.13%
from signal to date, no stop loss
TSMC (TSM) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 70th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
TSM belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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