Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) operates as the world's leading semiconductor foundry, powering the global AI and computing evolution. As demand for advanced chips surges, the stock has broken into new high territory, confirming a powerful bullish cycle is now in force.
Today, we decode the Elliott Wave pattern driving this strategic breakout. Furthermore, our analysis provides a clear technical roadmap with specific targets for its continued ascent. The convergence of strong sector momentum and a clear wave structure creates a compelling technical opportunity.
Elliott Wave Analysis
TSM began its rally from the 2022 low, unfolding in a clear three-wave structure. First, wave I peaked at $226.40. Then, wave II pulled back sharply to $134.25. Afterward, the stock surged to new all-time highs, entering wave III. Notably, wave III also displays a three-wave advance, now entering the equal legs zone between $301.59 and $341.06.
At this stage, TSM should see further upside to complete the five-wave sequence of wave III by the end of 2025 or in early Q1 of 2026. After that, a corrective wave IV pullback may follow presenting another buying opportunity. Eventually, the bullish cycle could resume, targeting the 1.618 Fibonacci extension near $404.
TSM Weekly Chart 10.20.2025
Conclusion
TSM shows a strong bullish sequence on the weekly chart. Therefore, investors should treat pullbacks as strategic buying opportunities. Use our Elliott Wave strategy to time entries with precision. Enter after the stock completes a 3-, 7-, or 11-swing correction. Moreover, our proprietary Blue Box system highlights high-probability zones with exceptional accuracy. As a result, this disciplined approach offers clarity and confidence to capture the next bullish leg.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
