TSM Wave 3

TSM showing signs of strength with high relative volume at opening today with a large bullish engulfing candle. Target for Wave 3 has confluence at the 200% extension and the mid-line of the channel. The 21 EMA (orange line) is catching up to price on the hourly. The MACD is crossed on the daily timeframe as well. Semiconductor sector looks to continue bullish momentum as big names like NVDA and AMD push higher.

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Target Hit