There is a major imbalance here. Subjective analysis of a chart that simply looks "heavy." I like it short to 144 because there is also confluence with downward sloping MACD and an income statement headed in the wrong direction QoQ.
As per the chart, double bottom and ascending triangle on the daily. bullish with the bounce today off the ascending triangle support line..... publishing for me to reference back to
Texas Instruments has been consolidating for almost a year, but now there could be signs of a pending move.
The first pattern on today’s weekly chart is the series of higher lows since October as prices remained below roughly $184. The result is an ascending triangle, a potential bullish pattern that TXN could be trying to escape.
Second, Average True Range...
With a healthy respect, Texas Instruments is advancing toward the resistance line at $158.99 slowly but surely. Soon, the share should climb above this mark and push off into the green zone between $215.90 and $237.98 to complete wave B in green before turning downwards again. There is a 33% chance, though, that the course could shift away from the next resistance...
The price is making an ascending triangle pattern so we expect the price to raise. Take the entry once the price breakout of the triangle. Look at the volume surge in order to avoid fake breakouts.
Take profit and target are shown on the chart.
Good luck
About Texas Instruments
Texas Instruments (TXN) is a technology company that designs and manufactures a wide range of products, including analog and embedded processing chips. The company operates in two segments, Analog and Embedded Processing, and its products are used in various applications, including automotive, communication infrastructure, industrial, and...
TXN Setup for Long
1- Trend is Bullish
2- Price is between strong support 182 and strong resistance 185
3- if price breaks above 185 then can take long entry
4- next resistance is at 190
5- if price come below 182 then next support is at 179
6- Entry Zones:
-Zone1: above 185
-Zone2: 178-179
Texas Instrument saw a strong rally yesterday after the bullish candle closes above the 22-EMA. Moreover, the cup and handle formation is adding to the list of bullish reversal
The PEAD projected a Neutral outlook for $TXN after a Negative Under reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
TXN is trading into resistance. A large wedge pattern has formed. Chopping from the low end to the high end is still favourable until you break out and confirm above.
TXN has a history of strong performance on earnings so i does favour a beat however the question is has the market priced this in already?
Based on the volume trends it looks like there is...
Expectation of Texas Instruments ($TXN) & Potential Strategy Ideas:
---This is my first post, if you like my breakdown and mechanical analysis please comment other tickers you want to see---
$TXN is a bit in decisive now with pressure from buyers and sellers to either cash out close to the ATH (all-time-high) of $199.86 or wait to catch a small...
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 62.5%.
Upgoing zigzag, prolonged ?WXY on B Wave, pre confirmation, heading for overbought normalization. I like the fact that A Wave ended with nil divergence on the daily, which is indicative of further growth at some stage down the track prost a retrace.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the...
Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing. The Analog segment semiconductors change real-world...
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%.
