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EnglishپارسیEnglishپارسیBias: Bullish above 1.3545
Pivot: 1.3545
Our preference (Base case):
Alternative scenario (If pivot fails):
Trading implication: Holding above 1.3545 keeps the intraday structure constructive toward 1.3590/1.3620. A break below 1.3545 negates the bullish bias and opens 1.3520/1.3495.
Entry: 892.00
Stop Loss: 848.00
Take Profit 1: 950.00
Take Profit 2: 1,000.00
This setup is based on the stock trading above its 200-day SMA, rebounding back into the rising channel, and pressing a major resistance zone near 900. A daily close back below 850 would weaken the bullish setup materially and raise the risk of a deeper retracement toward the 814 trend support.
Entry: 1.1762
Stop Loss: 1.1728
Take Profit 1: 1.1800
Take Profit 2: 1.1850
This setup is based on price holding above both moving averages, the Parabolic SAR staying below price, and the market pressing resistance from a rising structure. The only caution is the elevated stochastic reading, which means confirmation above resistance matters more than chasing price inside the range.
Trade idea: Stay constructive, but tighten risk parameters.
Why it works: Positioning remains supportive overall.
Risk: If the market starts liquidating crowded longs, the correction can be sharp.
Trade idea: Sell rallies or avoid bottom-fishing too early.
Why it works: Speculative flow still points lower.
Risk: Very heavy shorts can create abrupt short-covering rallies, so timing matters.
Trade idea: Prefer tactical long entries on retracements instead of momentum chasing.
Why it works: The market still holds a bullish base, but conviction is softer.
Risk: Further long liquidation could cap rallies.
Trade idea: Buy dips in gold rather than chase spikes.
Why it works: The broader positioning structure is still constructive.
Risk: A stronger real-yield environment or sharp dollar rally could pressure gold temporarily.
Trade idea: Sell rallies in EUR/USD rather than chase breakdowns.
Why it works: Positioning has turned negative, and the market is no longer neutral on the euro.
Risk: A sudden improvement in eurozone data or a softer U.S. macro tone could trigger short covering.
Trade idea: Buy dips in USD/JPY while the trend remains intact.
Why it works: Positioning still favors yen weakness.
Risk: This is a crowded trade. Any Bank of Japan surprise or broader risk-off move could produce a fast reversal.
Bank of America has named TSMC, King Yuan Electronics (KYEC), Chroma ATE, and Global Unichip (GUC) as its leading Asia-Pacific semiconductor picks tied to the next wave of AI processor demand, with TSMC at the top of the list. The bank’s thesis is centered on rising demand for custom AI chips, including TPUs and ASICs, and on the supply-chain leverage of companies exposed to advanced foundry capacity, packaging, testing, and related equipment.
For TSMC, BofA estimates Broadcom’s TPU programs could require 150,000 and 210,000 units of advanced front-end capacity support in 2026 and 2027, contributing about $4.5 billion and $6.1 billion in sales. It also estimates about 190,000 and 230,000 CoWoS wafer supply for advanced packaging, adding another $2.3 billion and $2.6 billion. BofA says the combined contribution from Broadcom-related demand and expanding ASIC opportunities could rise to 11% and 14% of TSMC sales in 2026 and 2027, versus 6% in 2023-2025.
BofA also sees KYEC as well placed to capture growing TPU-related final testing and probing demand, while it set a NT$1,750 price objective on Chroma ATE and expects GUC to benefit from rising 3nm wafer demand tied to Google’s Axion CPU and TPU programs. For GUC, the bank estimates related sales could reach $570 million in 2026 and $960 million in 2027, equal to 37% and 40% of total sales.
Possible Market Effect: The call reinforces a constructive view on Taiwan’s AI chip ecosystem, especially the parts of the chain exposed to advanced manufacturing, CoWoS packaging, testing, and custom-chip design. It also suggests investors are looking beyond headline AI chip designers and focusing more on the bottlenecks and enablers inside the hardware supply chain. This is an inference based on BofA’s ranking and the broader Reuters reporting on rising AI chip demand and supply constraints.
Source: Bank of America, Investing.com
Entry: 160.05
Stop Loss: 159.40
Take Profit 1: 160.60
Take Profit 2: 161.00
This is a breakout setup, not a chase-at-market setup. The logic is straightforward: price is holding above the 20-hour average and is compressing just below 160, but the trade only becomes attractive if resistance is decisively cleared. The stop is kept relatively tight because intervention sensitivity around 160 remains a real headline risk.
Entry: 68,650
Stop Loss: 70,350
Take Profit 1: 66,000
Take Profit 2: 63,700
BTC USD in the daily chart favors a bearish continuation trade because price remains below both moving averages, the broader trend is still negative, and the MACD improvement is not yet strong enough to confirm a bullish reversal. BTC/USD is trading below its 20- and 50-period SMAs on the D1 chart, keeping the broader bias bearish.