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Forrestersig

TXN bears appear to be exhausted from consolidation

Long
Texas Instruments Incorporated (NASDAQ:TXN)  
Forrestersig  
NASDAQ:TXN   Texas Instruments Incorporated
Trend Analysis Chart Patterns
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trendanalysis chartpattern
TXN has been consolidating below the bottom band of the quarterly VWAP for some time. Volume indicators show bears leaving and bulls entering, and on the 1hr chart we have some nice long bull candles. It seems the price is ready to make its way back toward the top of the quarterly VWAP.
snapshot
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