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TSMC’s Revenue Beats Market Expectation Stock up 1% in PremarketTaiwan Semiconductor Manufacturing Company (NYSE: NYSE:TSM ), the world’s largest contract chipmaker, has once again surpassed market expectations, reporting third-quarter revenue of NT$759.69 billion ($23.62 billion). This result not only outshines the forecast of NT$750.36 billion but also marks a remarkable 39.6% year-on-year growth for September alone. TSMC's performance continues to be buoyed by increasing demand for artificial intelligence (AI) chips, with major clients like Nvidia and Apple relying heavily on its advanced chip production. With AI hardware spending playing a pivotal role, the question arises: how long can TSMC sustain this momentum? AI Demand as a Driving Force TSMC (NYSE: NYSE:TSM ) has been at the forefront of the AI revolution, with demand for cutting-edge chips continuing to rise. As one of the key suppliers for AI hardware, especially for Nvidia's graphics processing units (GPUs) used in AI server farms, TSMC has benefitted immensely from the recent AI boom. - Revenue Growth: For the third quarter of 2024, TSMC reported an impressive revenue of $23.62 billion, a 36.5% on-year growth compared to the same period in 2023. This growth is largely attributed to the rising global investment in AI infrastructure. - Customer Base: TSMC’s clientele includes giants such as Apple and Nvidia, both of which are instrumental in the AI market. Apple’s continuous demand for high-performance chips for its devices and Nvidia’s increasing need for AI GPUs have fueled TSMC’s steady revenue stream. - Pandemic vs. Post-Pandemic Demand: While demand related to the pandemic has tapered off, the surge in AI development has compensated for this decline. TSMC’s ability to pivot its focus toward emerging technologies has helped it maintain a competitive edge. As governments and companies continue to chase AI supremacy, TSMC’s position as the key chip manufacturer cements its role in this ongoing technological race. However, there are concerns that infrastructure spending on AI may begin to taper off if no immediately monetizable AI use cases emerge. This sure will be an important trend to monitor in the coming quarters. Technical Outlook: Is TSMC Approaching a Breakout? From a technical standpoint, NYSE:TSM is showing strong signs of bullish momentum. The stock is currently up 1% in premarket trading as of Wednesday and has gained 72% year-to-date, outperforming the broader market. As of Tuesday’s close, the Relative Strength Index (RSI) for TSM sits at 68, suggesting that the stock is approaching overbought territory but hasn’t quite crossed the threshold yet. This indicates that while there’s significant buying momentum, a pullback or consolidation phase could be imminent. The stock has been trading closely to its moving average for several weeks before breaking out during the first week of October. This upward movement has triggered increased buying interest. One of the most compelling technical patterns forming on TSM’s daily chart is the "Three White Crows," which is a bullish continuation pattern. This pattern consists of three consecutive long-bodied candles, each closing higher than the previous day, signaling that the stock could maintain its upward trajectory for a while longer. Given the RSI nearing overbought levels and the emergence of the "Three White Crows" pattern, (NYSE: NYSE:TSM ) may experience continued growth in the short term. However, cautious investors may want to wait for a possible retracement or consolidation before entering a new position. Outlook and Risks: What Should Investors Watch For? As TSMC (NYSE: NYSE:TSM ) prepares to release its full earnings report on October 17, investors will be closely monitoring the company’s future guidance, especially in relation to AI demand. While current demand remains strong, sustained growth will largely depend on whether large AI players like Meta and Google can continue their current pace of infrastructure spending. Without monetizable use cases, there’s a risk that demand for AI hardware could plateau. Additionally, geopolitical tensions, particularly between Taiwan and China, could present risks for TSMC. As a key player in the global semiconductor supply chain, any disruption in TSMC’s production capabilities could have far-reaching consequences. Conclusion TSMC’s recent performance reaffirms its pivotal role in the global AI hardware ecosystem. With AI demand driving substantial revenue growth, the company is well-positioned to continue capitalizing on this trend. However, investors should be mindful of potential risks, including overbought technical indicators and broader market factors that could impact AI hardware spending. Technically, the "Three White Crows" pattern suggests continued bullish momentum, but with the RSI nearing overbought territory, a cautious approach may be warranted. Long-term investors with faith in the sustained growth of AI and semiconductor demand may view this as an opportune moment to hold or add positions in TSM(NYSE: NYSE:TSM ). Ultimately, TSMC's future trajectory will hinge on AI developments and how effectively the company navigates emerging challenges. All eyes will be on its full earnings report and guidance later this month.
NYSE:TSMLong
by DEXWireNews
Potential Breakout in Palo Alto NetworksPalo Alto Networks has been rangebound most of the year, but now the cybersecurity firm could be breaking out. The first pattern on today’s chart is the series of lower highs since August 20. PANW pushed against that trendline last week and broke it on Tuesday. Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That kind of sequence, with faster averages above slower averages, may reflect a longer-term uptrend. Next, higher quarterly lows are also potentially consistent with a longer-term uptrend. Finally, Bollinger Band Width shows narrowing volatility. Will that tight range of motion give way to faster movement? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:PANW
by TradeStation
Reacting to Change Part 2: Evolution of TrendsAdapting to subtle changes within a trend is a key element of successful trading. It's not enough to recognise that a trend exists; to stay ahead, you need to understand how trends evolve. From the initial surge to the steady grind, each phase of a trend carries its own characteristics—and knowing how to react to these transitions is what separates a prepared trader from one caught off guard. The Anatomy of a Trend In this section, we’ll explore the different types, phases, and characteristics of trends: 1. Initial Momentum Drive The first leg of a new trend often follows a prolonged period of sideways consolidation, and this momentum-driven move is typically sparked by a fundamental catalyst. Characterised by a strong surge either higher or lower, this phase usually comes with significant volume and can even include price gaps. The energy in this phase is palpable; it's where the trend announces itself. Apple (AAPL) Daily Candle Chart Past performance is not a reliable indicator of future results 2. Standard Pullback, Trend, Pullback Trend In the heart of a trend, the market often moves in a wave-like fashion: trend legs followed by pullbacks. These pullbacks are typically less volatile and weaker in momentum than the dominant trend legs, making them perfect opportunities for traders to enter in the direction of the trend. Whether you're looking at a bullish or bearish market, these pullback-and-trend cycles are the bread and butter of swing trading strategies. Apple (AAPL) Daily Candle Chart Past performance is not a reliable indicator of future results 3. Steady Slide Higher A rarer but powerful trend type, the steady slide higher (or lower) features minimal pullbacks and a consistent, almost relentless direction. When a trend is in this phase, it signals sustained pressure from buyers or sellers, and it often grinds slowly but surely in one direction. This trend type is highly attractive to trend-followers, but it requires patience and conviction to hold through what may appear to be an over-stretched market. Tesla (TSLA) Daily Candle Chart Past performance is not a reliable indicator of future results 4. Exponential Blow-Off This phase represents the trend on steroids. Expanding ranges, steepening price action, and rising volume all signal that the market has entered an aggressive, almost frantic, final phase. The exponential blow-off can be exhilarating to watch and trade but carries a warning: when this phase comes during an established trend, it's often a sign that the end is near. Traders should be cautious, as a reversal or prolonged consolidation may follow shortly after this euphoric push. Tesla (TSLA) Daily Candle Chart Past performance is not a reliable indicator of future results Simple Tools to Identify Trend Phases Reacting to these phases means recognising them as they unfold. Luckily, there are several simple tools traders can use to identify which part of the trend they're dealing with. 1. Trendline Fans Trendlines are perhaps the cleanest and most effective tool for gauging trend strength with no lag. By mapping the swings with multiple trendlines, or trendline "fans," you can visually track momentum. A rising trendline fan—where each new trendline is steeper than the last—indicates increasing momentum, while a falling trendline fan suggests that momentum is starting to ebb. Trendline fans are particularly useful for identifying whether a trend is accelerating into an exponential blow-off phase or slowing down into a pullback phase. 2. Keltner Channels Keltner Channels are another versatile tool for identifying different trend phases. These bands are plotted around a central moving average, with the distance between the bands determined by the volatility of the market. A price movement outside the Keltner Channels usually signals strong underlying momentum, often associated with the initial trend phase. A steady grind along the bands is characteristic of the "steady slide higher" trend type, while prolonged periods outside of the bands are usually indicative of the exponential blow-off phase. The midline of the Keltner Channels can also be used to gauge pullbacks and time entries during a trend. 3. Long-Term Moving Averages Long-term moving averages like the 50-day and 200-day simple moving averages (SMA) are essential for gaining perspective on the overall health and strength of a trend. These moving averages act as a dynamic support or resistance level during trends, and their positioning relative to the price can offer clues about the trend's longevity. 4. Anchored Volume Weighted Average Price (VWAP) The Anchored VWAP is a more sophisticated tool for assessing trend strength. VWAP represents the average price at which a market has traded, adjusted for volume, and anchoring the VWAP to the inception of a trend allows traders to see whether those who initiated the trend are still in control. If the price remains above the anchored VWAP in an uptrend, it suggests that buyers are still in control, whereas falling below could signal that sellers are beginning to take over. Example: Brent Crude Daily Candle Chart Let’s take a closer look at how these tools can be applied to understand an evolving trend in the oil market. Recently, oil experienced a strong rally, breaking through the first trendline and surpassing the 50-day moving average. While this initial momentum signals strength, the bigger picture still points to a bearish trend. We see that prices remain below the 200-day moving average, under a long-term descending trendline, and crucially, below the VWAP anchored to the April highs. This combination of tools highlights the importance of maintaining a wider perspective. Even though there is short-term upward momentum, the prevailing longer-term trend suggests that sellers may still have the upper hand. Past performance is not a reliable indicator of future results Conclusion: Adapting to Trend Phases Understanding and reacting to the different phases of a trend is crucial for any trader. From the initial surge of momentum to the steady grind or explosive blow-off, each phase requires a unique strategy and a deep understanding of market dynamics. By using tools like trendline fans, Keltner Channels, moving averages, and Anchored VWAP, traders can stay on top of these phases and maximise their potential for success. Stay flexible, stay alert, and always be prepared to evolve with the trend. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:AAPLEducation
by Capitalcom
1
FuelCell Energy: A Strategy for Bullish MomentumHello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. FuelCell Energy is showing several bullish indicators across different time frames, suggesting a potential for a significant upward move. Here's a refined analysis: On the 4-hour (4H) chart, there's a noticeable shift in momentum to the upside, indicating a change of character. After a decline to a key support level (referred to as "order block"), the price action formed a double bottom pattern, suggesting a reversal. Additionally, a Bat pattern is emerging, with the ABCD structure signaling potential profit-taking levels at $2.16 (Fibonacci 1.272 extension) and $2.45 (Fibonacci 1.618 extension). The MACD indicator shows a bullish crossover and divergence, complemented by a double bottom in price and a higher low in the RSI, reinforcing the bullish outlook. On the daily (1D) chart, two significant patterns are observed: a descending triangle and a symmetrical triangle. A decisive break and close above the $1.5 resistance level would confirm a breakout from these patterns, along with a downtrend parallel channel, signaling a strong move to the upside. I initiated a long position at $1.10, setting a stop loss at $1.05 to mitigate risks from a potential bearish breakout from the descending triangle. My strategy includes taking 50% profits at $1.7, anticipating a possible retest of the breakout level ("crime of the scene") before aiming for a second profit target at $2.4 (Fibonacci 1.618 extension). It's crucial to be cautious around the $2.5-$2.7 levels, as the price may face rejection, underscoring the importance of not being overly greedy in profit-taking strategies. This analysis is based on current chart patterns and indicators, which suggest a bullish run for FuelCell Energy. However, keep in mind that trading involves risks, and it's important to conduct your own research and consider your risk tolerance when entering positions.
NASDAQ:FCELLong
by MarketPax
1
The RealReal, Inc - 150% gain waiting for collectionOn the above 2 week chart price action has corrected around 50% since May. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support confirms past resistance (blue arrows). 3) The trend, higher highs higher lows. 4) The Bull Flag, 2nd impulsive wave imminent. Is it possible price action continues correcting? Sure. Is it probable? No. Ww Type: trade Risk: You decide Timeframe for long: Yesterday Return: 150% Stop loss: Say elsewhere
NASDAQ:REALLong
by without_worries
2NDCRK: KINSSecond Crack: KINS (Kingstone Companies) Technical: (+) Weekly breakout on volume. (+) Consolidation towards MA50 Fundamental: (+) Revenue increase (+) Strong EPS increase, Turnaround (-) only turnaround, no new product Low Risk Entry: ~9$ Price target: 20$-25 $ Stopp Loss: ~8$ Second Crack Strategy: A good coffee needs the "second crack" during the roast. This strategy is similar: "First crack": Weekly breakout from base, strong volume increase. Good fundamental data and products or a good turnaround story. The "second crack" is the 2nd leg after consilidation and low risk entry.
NASDAQ:KINSLong
by ReaZedd
2NDCRK: PSNLSecond Crack: PSNL (Personalis) Technical: (+) Weekly breakout on volume. (+) Consolidation towards MA50 Fundamental: (+) New product, new partnership (+) Revenue increase (+) Strong EPS increase, could turn green in 2025 (-) currently negative EPS Low Risk Entry: ~5$ Price target: 10$-15 $ Stopp Loss: ~4.50$ Second Crack Strategy: A good coffee needs the "second crack" during the roast. This strategy is similar: "First crack": Weekly breakout from base, strong volume increase. Good fundamental data and products or a good turnaround story. The "second crack" is the 2nd leg after consilidation and low risk entry.
NASDAQ:PSNLLong
by ReaZedd
1
Microsoft (MSFT) Shares Drop Over 3% This MonthMicrosoft (MSFT) Shares Drop Over 3% This Month An overview of stock market charts since the beginning of the month reveals that while the Nasdaq 100 index (US Tech 100 mini on FXOpen) is in positive territory, Microsoft (MSFT) shares have underperformed significantly. The opening price on 1st October was $427.47, but by yesterday's close, it had fallen over 3%. One of the key drivers behind this bearish sentiment is analysis from Oppenheimer, suggesting that Microsoft's financial performance may be negatively impacted by losses related to OpenAI. Additionally, Oppenheimer downgraded Microsoft's stock rating, a concerning sign ahead of the upcoming third-quarter earnings season. Technical analysis of Microsoft's (MSFT) stock chart shows that the price is hovering around a critical support zone, which is formed by: → the lower boundary of an upward channel that has been in place since early 2024 (marked in blue); → the psychological level of $400 per share. What could happen next? Bullish outlook: Microsoft's (MSFT) share price may reverse upwards from this support zone. Yesterday’s bullish candle indicates a potential increase in demand. Bearish outlook: The median line of the blue channel has acted as resistance (shown by the arrow). It’s possible that the next level where bears could confirm control is the former support at $425. Which scenario plays out largely depends on Microsoft's upcoming earnings report, scheduled for 22nd October. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:MSFT
by FXOpen
Super Micro Computer (SMCI): Time to buy in after a -70% drop!Since our first analysis a while ago, we've been inching closer and closer to our target area on $SMCI. Since then, we've seen a price drop of 40%, which is far from irrelevant, with the stock retracing nearly 70% from its peak. We're witnessing a clear and recurring pattern here—what we call the "staircase to hell." Each push to a level has been met with rejection, which is exactly why we see a buying opportunity forming. We are now making our first bid here as a market entry. This is intended to be a swing trade that we plan to carry into 2025, with a target of reaching previous highs again. Therefore, we're not worried about getting a "perfect" entry within 1-2% but instead setting a DCA bid a bit lower for an optimal position if NASDAQ:SMCI comes down further. Below the market entry, there's an important Fibonacci cluster that combines the 200% target of Wave C, the 78.6% retracement of Wave (2), and a target for Wave ((v)), all aligning well. With these multiple levels coinciding, there's a strong possibility we will see the price reach this zone. If so, we’ll place another bid to buy more shares. If NASDAQ:SMCI manages to flip the first resistance, we expect it to move up quickly. As we always say, patience is the key to successful swing trading—don’t let greed or fear cloud your decisions 🤝.
SLong
by freeguy_by_wmc
10
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥 Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value. At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside. As always, we’re keeping a close eye on developments and will update you with any new moves.
SLong
by freeguy_by_wmc
When Virtual Worlds Collide: The Price of Digital Illusions?In the ever-evolving landscape of digital entertainment, a storm is brewing that challenges our perceptions of virtual reality and corporate responsibility. Roblox, a titan in the gaming industry, finds itself at the epicenter of a controversy that transcends mere numbers and pixels. As allegations of inflated user data and compromised child safety measures emerge, we are compelled to question the very foundations upon which our digital utopias are built. This saga serves as a stark reminder of the delicate balance between innovation and integrity in the tech world. It challenges us to look beyond the dazzling facades of virtual playgrounds and confront the sobering realities that may lurk beneath. As investors, parents, and digital citizens, we are called to critically examine the metrics and safeguards that shape our online experiences and those of our children. The Roblox controversy is not just a cautionary tale; it's a catalyst for a broader dialogue about the future of digital platforms and their impact on society. It prompts us to envision a world where transparency and user safety are not just buzzwords but the cornerstones of technological progress. As we stand at this crossroads, the choices we make and the standards we uphold will determine whether our digital futures will be defined by illusion or authenticity, by profit or protection. In this pivotal moment, we are all stakeholders in the outcome. The questions raised by this controversy challenge us to become more discerning consumers, more vigilant guardians, and more engaged participants in shaping the digital landscapes we inhabit. As we ponder the true cost of our virtual indulgences, we must ask ourselves: Are we ready to demand more from the architects of our digital worlds, and in doing so, forge a path towards a more transparent and secure online future for all?
NYSE:RBLXShort
by signalmastermind