Not sure about, will follow the outlined projection for a bit,as it appears to make two failed attempts at new highs. Entry 117 SL 121 TP 92 is a big RR, 6.25.
Texas Instruments comes out after close today. I'm playing XLNX puts since it will react based on commentary of Texas Instruments tonight. Small Put position. Good luck.
Lets keep it simple. Wish I posted this chart last week, here is a few things to take note. TXN had obvious sell signals in the beginning of June. We have been riding the top of the bolly band since the as well. We have earnings coming up before august, and i love selloffs before earnings! Also you can see the ichicloud crossing bearish. You can see the...
This is a possible bullish swing trade I may enter next week depending on how TXN trades as well as how the overall markets look. Looking at the hourly chart the 100 SMA has been providing support over the past few weeks, so we will see if that continues.
Trade Setup for TXN: Entry: After a close above $75.25 Stop-Loss: Start @ $74.00 and trail the stop as TXN moves up Target #1: $77.25. 127.2% extension. Take 50% off the table to lock in profits Target #2: $80.47 161.8% extension. Take 25% off and tighten stop-loss. More at techcharting.com