$TSM
Added 2024-10-17 13:02:49 +0000 UTCReported earnings today and it was a double beat and on their call they said they are battling to keep up with demand of their biggest client = $NVDA
So naturally this would cause a strong reaction to the upside for both $TSM and $NVDA but we can see that $SMCI and $AMD are enjoying this too
On the $TSM chart we can rule out the corrective count and focus on the higher levels now
The price is already above the 1 Fib at $200, so the next level to test over the next few weeks will be the 1.27 Fib at $220, with the Melt Up possibility at $246.
