Taiwan Semiconductor (TSM) shows a swing-trade setup based on dark-pool activity and technical levels. A large dark-pool print on April 21 preceded a gap-up that held above the 8-period EMA, with subsequent prints and pullbacks confirming upward momentum. Bullish targets sit at $4.1250, $4.15, $4.1757, $4.1844, $4.20, $4.25, and $4.30, with a bearish cutoff below $4.08.
Chapters
We've got two stocks to trade today. We've got Taiwan Semiconductor, TSM, and Wolf. And so let's go ahead and get started. So I'm looking at the last week actually here on TSM to see where the dark pools are at. You can see here they're just pretty much adding to their position with waning volume. But inside this doji, look at this one: a million fifty-five thousand April twenty-first in this doji, right? So waning volume, nothing to see here. And then the next day. Massive gap up, held the 8 exponential moving average, didn't quite touch the print, but it tested the previous high and took off. Then we got another print here the next day, pulled back to the 4 exponential moving average, gapped up, more prints, and now we're off to the races. So let's go ahead and look at the last month, and you can see if we looked at the last month, all they did— look at these massive prints— is just consolidate in here and then break out. So even though this looks like it's a massive Run up like that, which it is. It's still a great swing trade entry because look at all of this there. Anyway, I will go back to the week because that's what we were looking at for our map out. So if we look over here on the intraday, we got our pivots and cams in the way. So we're going to be bullish above 411 and a quarter. We're almost there. 411 and a teeny one sixteenth. Market still trades in fractions. So 411. $4.25. We want to get above $4.1250, $4.15, $4.1757, and then $4.1844 is a CAM. We've got $4.20, $4.25, and $4.30. I stopped at $4.30. The average true range is $13.81, so that means on any given day, if you average out the last 14 days between the high and the low of the time frame you're looking at— well, this was on the daily Then you get $13.81. That's past performance. That's our expectation potentially for move plus or minus that. Today we're going to be bearish below 408.
