{
  "ticker": "TSM",
  "analysis_asof": "2026-04-17T20:48:47.133505+09:00",
  "market_data_asof": "2026-04-16",
  "level_basis": "daily_close",
  "thesis_state": "constructive",
  "primary_setup": "watch_only",
  "portfolio_stance": "BULLISH",
  "entry_action_base": "WAIT",
  "setup_quality": "DEVELOPING",
  "confidence": 0.72,
  "action_if_triggered": "NONE",
  "starter_fraction_of_target": null,
  "breakout_level": null,
  "breakout_confirmation": "close_above",
  "pullback_buy_zone": null,
  "invalid_if_close_below": null,
  "invalid_if_intraday_below": null,
  "min_relative_volume": 1.0,
  "session_vwap_preference": "indifferent",
  "event_guard": {
    "earnings_date": null,
    "block_new_position_within_days": 0,
    "allow_add_only_after_event": false,
    "requires_post_event_rerun": false
  },
  "reason_codes": [
    "trigger:매수_가능한_조정:_tsm이_362-365를_종가_기준으로_방어하고_rsi가_50_위에서_안정되며_거래량이_",
    "trigger:돌파_진입:_tsm이_380-385_위에서_종가_마감하고_macd가_재상승하며_거래량이_최근_평균을_웃도는_",
    "trigger:소규모_시작_포지션_조건:_위_두_조건_중_하나가_충족될_때_정상_비중보다_작은_첫_트랜치를_검토한다.",
    "trigger:위험_경고:_tsm이_353_아래로_종가_마감하거나_vwma_및_50일_지지선이_거래량_증가와_함께_무너지는",
    "trigger:모멘텀_경고:_380-385에서_반복_실패하고_rsi가_50_아래로_하락하며_macd가_약화되는_경우.",
    "trigger:심리_경고:_강한_뉴스에도_주가_반응이_계속_부진하거나_인공지능_및_3nm_수요_전망_하향이_나타나는_경우.",
    "trigger:기본_점검:_다음_회사_업데이트에서_설비투자,_자유현금흐름_전환,_마진_설명을_확인한다."
  ],
  "notes": [
    "catalyst:공격적_및_중립_분석가가_공통으로_지적한_58%_q1_이익_성장은_인공지능_및_첨단_공정_수요가_실적에_반영",
    "catalyst:상향된_매출_전망과_강한_3nm_수요는_tsm의_중기_성장_논리를_지지한다.",
    "catalyst:최대_$56_billion로_언급된_설비투자는_단기_자유현금흐름_부담_요인이지만,_중립_분석가의_평가처럼_첨",
    "catalyst:주가가_10일_ema_362.55,_50일_sma_352.82,_vwma_353.01,_200일_sma_29",
    "catalyst:tsm_실적과_전망이_반도체_전반의_투자심리를_끌어올리고_있어,_시장은_tsm을_인공지능_공급망_핵심_지표로"
  ]
}