$TSM
Added 2024-04-18 14:52:13 +0000 UTCEarnings reported today and there was a very slight miss on revenue and the market was not kind at the opening, slight recovery now but crucially, the 0.38 Fib was retested and held exactly at $130.
As always for wave 4's, you want to see the 0.38 Fib held, as long as this is held, the price can move higher to complete Wave 5.
The Semi sector really struggled yesterday and I believe this has been brought on by $NVDA testing critical support levels, if $NVDA does move down with the market, it is going to put an enormous pressure on $TSM, $AMD and $INTC.
Comments
Price is now 127 does it means wave 5 is now invalidated?
Huat
2024-04-20 13:26:41 +0000 UTCSo better wait for NVDA before buying TSM or AMD right ?
WiktorW
2024-04-18 14:53:48 +0000 UTC
