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Will it bounce off $107-$108? Or dip to $102?
Taiwan Semiconductor Manufacturing Company Ltd.
Short
Will it bounce off $107-$108? Or dip to $102?
By OnePointScalp
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Updated
May 17, 2021
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Cheer
Cheer
Mar 11, 2021
Diminishing downward momentum. Could see short term bounce off at key level $107-$108.
But it looks like there will be a steeper A-B-C downward retracement to Fib 0.5 to complete Wave 4.
If it held and shows bullish pattern off $102, could be a nice entry spot.
Otherwise my goodness it could further dip to Fib 0.5 $96. That will be a really sweet discounted price to enter.
May 17, 2021
Comment
After 2 months, it's still holding at $107 resistance very tightly.
Elliott Wave
Fibonacci
Support and Resistance
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