Technical analysis of TSM and WOLF stocks using dark pool data and chart patterns. TSM shows bullish potential above $411.25 with targets near $430, while WOLF could rally above $33 toward $38. Both rely on 4- and 8-period EMA convergence as momentum signals.
Chapters
Good morning, traders. Welcome to Monday, April 27th. It's 4:29 a.m. All right, 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. 55,000 April 21st in this doji, right? So waiting 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 So we're going to be bullish above 411 and a quarter. We're almost there. 411 and a teeny 1/16. Market still trades in fractions. So, uh, 411.25, we want to get above 412.50, 415, 417.57, and then 418.44 is a cam. We've got 420, 425, and 430. I stopped at 430. 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 timeframe 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 $4.08. Let's get below this candle right here. So we've had this upthrust. Let's see if we can break below this and then see if we can retrace $4.0676. 405.33 is a cam. We've got a little print in here, 59,000 there. Then we've got 403.89, 401.93 is the pivot right down here. Then we've got 399.59, 397 is the 4 exponential moving average right about here on the daily chart. That's important. 394.38 is S1, and I stopped there because of the ATR. Now when we're coming back here around this 403 level, be careful. This is the post-market, right? So you see this 630. There's also a print here at 402.50, 402.46, and there's a 50 simple moving average. We also have the pivot 200 simple, 200 exponential moving average below us on there. This might be a little bit tough to get through on the retracement. Okay, let's move on to Wolf. All right, we'll have a howl trading this one. Haha. Anyway, last week, uh, smaller size prints, 300K, couple 200s, things like that. But you can see, look at all of the wicks up. But in these wicks are lots of prints. And the 4 and the 8 exponential moving average, 4 being the red one, 8 being the blue one, you can see how it's riding these together. So we're coming back, we've got the wicks on top, which they're selling. Usually the, the wick on top, they're selling. But you can see this, and then we're breaking above, we're adding to it. So let's look at the last month and see what the institutions have been up to. Ah, right here you've got this open, test the print, move up. And then they're just accumulating more, but that doesn't really make a big difference. The dark pool is in this, but depending on how thick the stock is, we'll see. But some of these are quite large. Let's go ahead and I'll put this back to one week. Let's see our trade setups for today. We're going to be bullish above 33, and then first target 33 and a quarter. If this is already filled at the time. Then 33.25 is your next support that you want to hold. Then we've got 33.50, 34, 34.70 is R2, 35, 35.17 is a cam sitting right here, 36, 37, 38, 37. Now the ATR on this one is $3, $2.92. So the thing is, is it's been able to run. So if there's all of this space here, in between, then we'll let it run. And mind your $1.50 level. It's a cheaper stock, but like I mentioned, I always mention this, if the 4 and the 8 exponential are moving together, you've got the momentum, you've got the volume. Look at this volume here on the daily, but on the intraday you've got that. There's no reason to get out, but you know you're going to bump your head on some of these things, especially R3. Okay, On the downside, we're going to be bearish below 3250. So let's get below here. Target 3224, 3190, 3157. Then we've got 3103 is back to the pivot. Now here we've got a small print 62K. We've got the we've got the pivot. We've got the 50 simple moving average. And then we've got my 200 exponential, 200 simple. This could be close to the floor here. If we move a little bit lower, we could potentially come back down here to 30. I would be— if we do come down to 30, that's the 4 exponential moving average up here. You can see that on the daily, this will actually move down as the price moves down. So that would be 30 there. So just be careful with that. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe. Subscribe to our Dark Pool Weekly Report as well, mobiticktrading.com/weekly-report, where we do swing trading, learn about the dark pools, and you get to see how we've been doing week to week, which has been excellent. All right, happy trading everyone. We'll see you tomorrow with all new trade setups. Take care. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
