$TSM
Added 2024-04-08 14:50:01 +0000 UTC$TSM moving strong this morning after news broke that they will receive $6.6 Billion from the US to build a factory in Arizona.
This also diversifies $TSMs risk of any potential Geo political issues between China and Taiwan, the more factories they have outside of Taiwan, the lower their risk.
Price continues to hold the Wave 4 level but there is only a 3 wave bounce so far which is typical of a Subwave B bounce....so not out of hot water yet until there is a 5 wave bounce.
$6.6 Billion is still an excellent catalyst to solidify this as a great long term hold.
