Up strong +3.3% again in the PM now and looks like making it to the 2 Fib at $186 will be no issue.
I have added the upper limit of a standard Wave 5, which is the 2.618 Fib and this would bring $TSM up to $218 and it is the very least that it deserves
Fundamentals and margins are still strong and not overvalued and $NVDA does not work without them.
Remember $TSM is smack in the middle of this 'geo political risk' between China and the US and it is incredibly bullish.
Ramesh Ayyagari
2024-06-30 20:10:23 +0000 UTC