Market Analysis for Jul 6th, 2021

Jul 6, 2021 - 9:37 AM EDT

Trimmed some more profits across NVDA+AMD as I'm rotating horses. (+29% and 16%)

Layered more into existing TSM. Now, $120...multi-week/month consolidation. Very bullish.

Too weak/dead wrong/not ready for breakout if below $112. Target $140-150 to start.

Context for learning: https://www.elliottwavetrader.net/trading-room/keyword/tsm/user/11114/post-type/both/start-date//end-date//section//chart-duration//chart-category//advanced/match-any

TSM JULY6_WEEKLY

TSM JULY6_DAILY

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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