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...
Li Auto Inc. (LI) has held lower trendline support as well as the 0.5 retracement. Look for a break and test of top trendline to a PT of $33. Break below lower trendline would deem the price for a steeper retracement to the 0.618
Micron Technology Inc. (MU) broke out of wave 4 consolidation. Bullish engulfing candle with an association of high relative volume is key signal this a true breakout. Indicator confirm breakout with cross in StochRSI, TMO, and daily squeeze breaking out. Prior to breakout, Micron held the 21 ema with a hammer candle. Earnings at 1/7/21, so look for run up and...
$SPCE finished with a daily pin bar signaling sellers may be exhausted. A corrective zig-zag into the .618 retracement, which coincidence with daily support/resistance levels. Waiting for break or retest of top trendline with high relative volume.