$TSM - WATCHLIST -
Added 2024-03-28 20:37:35 +0000 UTCContinues to be a fantastic looking chart with only one blemish...not going exactly to the 1.618 Fib to complete Wave 3....but a 90% jump from November to March more than makes up for this shortcoming.
Price continues to hold above the yellow channel line but we can still not rule out a retest of the 0.38 Fib at $130 for Wave 4 before going higher to complete Wave 5 at $186.
We can also see that the 50 Day MA is also at the 0.38 Fib at $130....making this a STRONG CONFLUENCE level.
So the plan here....you can enter a position on Monday but DCA in or wait for a test at the 0.38 Fib and wait for the hold of this level.....waiting for the hold would be the less risky option.
