I like this high wave candle for a break higher from the last two day highs. Also need to break the June 4 high and June 5 low.
Let's see what happens :)
This is just a technical analysis . No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money...
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.
After earnings, TXN broke short term trend line support. Its now heading back into the gap with trend line and the current level as resistance. Lets see what it does from here.
