Texas Instruments, 60% correction ahead
Updated
On the above 2 month chart price action has grown 1300% since the 2007-8 correction. A change in direction is now on the horizon for Texas Instruments.
1) Support and resistance. The yellow arrows point to 15 years of price action support. That support has now failed.
2) A trend reversal in the RSI oscillator is clearly visible. This is bearish divergence.
3) The first level of support is $80.
4) The year 2030 will offer the first opportunity for a new investment opportunity.
Is it possible price action continues upwards? Sure.
Is it probable? No
A sell from $200 to $210 is excellent.
Ww
1) Support and resistance. The yellow arrows point to 15 years of price action support. That support has now failed.
2) A trend reversal in the RSI oscillator is clearly visible. This is bearish divergence.
3) The first level of support is $80.
4) The year 2030 will offer the first opportunity for a new investment opportunity.
Is it possible price action continues upwards? Sure.
Is it probable? No
A sell from $200 to $210 is excellent.
Ww
Trade active
Strong confirmation of resistance on past support.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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