TSM Trade on Mar 30, 2022 11:05 from spyrosz: Tradervue User Stock Trades.

This thing looks sooo! ready:
a) One of the weakest semis out there
b) Geopolitical risk (China - Taiwan)
c) and a terrible chart. After a failed break-out attempt to new ATHs, reversed hard, had a gapped down that sellers protected, now it is trading sub-108s which had been major 1-yr support level=bottom of 1-yr trading range/channel, with buyers defending the level each and every one time.

Tried to reclaim $108 support, closed above, but next day got sold hard.
-- Got short Tier I (going aggressive here, EXCELLENT SETUP), risking stop above recent peak=$110s
-- Expecting immediate roll-over and quick/sharp move away from $108 level, as there is 1-yr worth of trapped demand above the level, and we just got rejected!!
-- 1st target $100 at a minimum, measured target is $80-85 area.

04-01-2022
Small profit taking towards 1st target $100s

05-12-2022
Flush below $90 close to main target $80-85 area, and I am booking profit here.

05-31-2022
Pop to $96-98 resistance area was a gift that allowed me to reload
-- Reloaded short half-tier, risking stop above $100s
-- Expecting to roll-over and retest recent lows=$88s at a minimum. $80-84 on deck as well

06-16-2022
Covering into main target. Finally, the eagle has landed.
Trailing remaining size, hopefully we can get to $76..

06-23-2022
Semis look terrible. Very weak compared to other tech.
1st cover below $84 major support pivot on the book.
Rest size for $76 if it wants.

07-01-2022
Flat at target.
What an annihilation short:)