3Yr·

Already bought last week.

https://www.tradingview.com/x/gKhK4E6M/

TSM earnings were initially buoyant, but were then sold off with the Nasdaq. I bought the pullback because it was a clear buy signal. It is above the EMAs and is out of the triangle with good volume. If it goes above $12, it would also confirm the double bottom (marked with arrows) and probably target prices up to the ATH. Fundamentally, it is far too cheap anyway, 3x cheaper than TSMC with similarly good growth.

17.01
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6 Comments

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Never heard of it, let's see if it's something for the semi-collection 🤡👍
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@KapriolenSonne It is. Like TSM, it's a foundry from Taiwan. Extremely cheaply valued, presumably because they have had these boom and bust phases in the past. What's more, there are hardly any analysts covering the share and no other media attention, it's not really included in any index and such shares are always valued more favorably than others. Figures are due next week and I expect similar good results to TSM. Let's see.
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@dronix111 Very interesting, sounds like a sleeper. I'll have to take a closer look. AMD's strength wasn't recognized for quite a long time back then either times and it could be even better here with low analyst coverage and no index appearance. Thank you very much 🚀
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Cool, I don't know it either, never heard of it. By the way, I hardly understood your posts until recently 😂 but since a few TA lessons I've even been able to follow along a bit 😅
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@Lorena TA, unlike investing, is really learning by doing. The more pictures and drawings you look at, the better you understand it. At some point, chart patterns, trend lines, supports & resistances in a chart will appear to you completely by themselves without thinking :)
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@dronix111 Yes, I suspect that too 😅 let's see. But it's cool that you've stuck around. Then I can keep following and practicing 😂
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