Goals 160, 153.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to....
TXN has run a bunch since earnings and the passage of the semis bill in congress. Now we're seeing a bunch of technical signs the stock is going to pull back.
Sitting at key resistance
Local POC (since earnings) is closer to mean from SD regression channel
MACD started to turn over
Stock is overbought
ATR is decreasing quickly
I would expect the stock to...
The PEAD projected a Bullish outlook for $TXN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Up Channel Breakout with a large inverted ascending scallop formation
Inverted ascending scallops are a bullish pattern, and will likely act like this as a support is found above the channel
My models say the Fed cannot raise rates beyond 0.5 points tomorrow or they cannot be trusted in the future. We should see a quick rally to end this week and perhaps begin next week, before the reality of $6+ fuel prices set in again and we continue the bear market.
Based on historical movement, the trough could occur anywhere in the larger red box. The final...
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
The PEAD projected a Neutral outlook for $TXN after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
NASDAQ: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...
This is such a nice short setup. Risk/reward is excellent. If you've ever wondered what a good short setup looks like from a price action perspective, this is it.
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
54% of TXN Texas Instruments revenue comes from China.
My price target from TXN is $134.
Looking forward to read your opinion about this.
The PEAD projected a Bullish outlook for $TXN after a Positive over reaction following its earnings release placing the stock in drift B.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
The stock seems to have reached a local high and seems to have reversed the trend. That nasty gap down is not a good sign at all. If it's followed by a sharp sell of (drift down) it could indicate that heavily invested entities are dumping their shares. I wouldn't suggest going short just now. I will come back to this in a week or 2 to re-evaluate the situation.
![TXN: $TXN Is prone to fall... [TEXAS INSTRUMENTS INCORPORATED]](https://s3.tradingview.com/z/zn6b08kY_mid.png "$TXN Is prone to fall... [TEXAS INSTRUMENTS INCORPORATED]")
