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elkenpolar
Dec 12, 2021 3:23 AM

TXN our gains, pleasure or pain? Long

Texas Instruments IncorporatedNASDAQ

Description

Hey traders,

Just clicking around and found a funny line.

  • Strong fundamentals - Yes, they are taking on some debt...but it's calculated.
  • Will always be required for math
  • Retracement incoming


Obviously, market is wound up and hard to tell which way it will go (go look at SPX). I think there might be a couple of good retracement plays here. Long @ .618 - .9 (pretty much anywhere within GANN BOX for reference).

You may have to wait for earnings to slam this into support levels.

What do you think?

Not financial advice!
Thanks for reading, trader!

Comment

will update with position as market progresses
Comments
elkenpolar
opps, missed this one. looks like the 50% fib held - wasn't expecting huge sell off in JAN when posted this.
Support was slammed on earnings, just wasn't that great RR. Mostly been on SPY options longing options (both sides).
Cheers
SlackerPlus
glad you're still alive <3
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