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vf_investment
Mar 15, 2023 1:12 PM

TXN - long position Long

Texas Instruments IncorporatedNASDAQ

Description

On the chart we can see that there are higher highs and higher lows. The RSI indicator crossing above the 50 mark and heading upward, indicates a bullish momentum. We expect that the price will reach the resistance. As it is a strong resistance, we anticipate the price to get rejected. Next, we expect another upsloping attempt towards the resistance level. Invalidation of this theses would be if the price closes below the upsloping trendline.

Comment

The price got rejected from the resistance and found support on the upsloping rendline again. So far so good. The target price remains unchanged.
Comments
Williamforex
Perfect setup
AkhiPrajapati
good work
BahamasX
Strong ascending triangle with clearly identified bullish momentum. Awaiting confirmation... Thanks for sharing.
RLinda
Good look at the market, keep up the good work)
Tolberti
Nice idea, keep it up!
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