TXN is setting up nicely. Ascending triangle, bullish pin bar candle on the daily. Looking for a move to $191+ next week. Will look for opportunity to enter 9/17 $190 calls tomorrow. 50 MA is acting as resistance but should be able to push through.
It looks like bottom could be in. Not only could TXN reach and all-time high, but they would breakout of the sideways funk they have been in since mid-March of this year.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has...
A call was given on 26th July, bought at 185.36. Suggest to close at 191.78 as the price has hit a major resistance. Profit of should be 160% of the risk.
Nice accumulation with decreasing volume
Buying on Ascending Triangle breakout if it happenes, Ascending Triangle breakout statistically has 98% success rate(according to the internet)
### NOT FINANCIAL ADVICE ###
The PEAD projected a Bullish outlook for $TXN after a Negative Under reaction following its earnings release placing the stock in drift D
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Texas Instrument developing VCP with below contraction:
C1: -11%
C2: -4%
C3: -3%
Very low risk entry point. < 5%.
Prospect wise: Semiconductor demand from world wide despite pandemic situation as new norm require people to work from home, home entertainment and etc.
My first VCP coverage in US market... More to come.
Texas Instrument Inc (TXN)
The price is in a long uptrend. At the moment, the price has broken through the triangle (4th wave) and should complete the movement with the 5th wave.
The goal is the height of the triangle (219.62 ) completely coincides with the Fibonacci extension of 4.236 on the first impulse wave.
Open Price: 192.21
Target: 219 (14%)
Stop: 188.66...
Semi's look quite strong, with the SOXL ETF also looking to break it's downward trend. For the less aggressive trader, the SOXX ETF would suffice.
For TXN, the levels are on the chart.
This flag was almost too long for the pole, but price has finally broken upper trendline of flag. I should have changed the top trendline to green verses red as it is can now function as support.
Many place a stop below the bottom trendline of flag, keeping in mind that Mr. Market knows this and he is known to go stop hunting frequently. Another option is the...
TXN filled its gap as the chart suggests and has another gap to fill downwards. I believe the market is looking overall bearish.
This stock is at its top bollinger band right now and the volatility is contracting, options are expecting a small move for next week - about 1%. However the chart suggests this could move up to 2.5% in the next two weeks if it fills the gap.
The PEAD projected a Neutral outlook for $TXN after a Negative over reaction following its earnings release placing the stock in drift C
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US is attempting to address the shortage and has called for a massive effort to bolster the domestic chip industry. Bidens proposed $50 billion to build out the chip industry as part of his $2 trillion infrastructure proposal. In doing so, the chip supply chain would be far less complex and able to adjust to market fluctuations much quicker. Currently, the US only...
