NASDAQ:TXN   Texas Instruments Incorporated
TXN

Texas Instruments is about to break weekly cloud support.

Over the past twenty or so years, price has completed or nearly completed various inverted arcs.

I listed various targets based on Fibonacci retracement levels.

I tend to think T2 61.8% retrace level at $135 is the most viable target level, with support from the pre-Covid crash highs

However, if the Fed keeps tightening it would not surprise me if price kept moving towards completing the arc to T3/T4.



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