Texas Instruments WCA - Rectangle

NASDAQ:TXN   Texas Instruments Incorporated
Company: Texas Instruments Incorporated
Ticker: TXN
Exchange: NASDAQ
Sector: Technology


Today, we turn our gaze towards Texas Instruments Incorporated (TXN), a distinguished player in the Technology sector listed on the NASDAQ. The weekly chart reveals a Rectangle pattern that has been in formation over the course of 490 days, indicating a possible bullish breakout.

Rectangle Pattern:

A Rectangle pattern typically denotes a period of market consolidation, before the price action resumes/reverses its prior direction. The pattern is characterized by price movements within a well-defined support and resistance range.


Previously, TXN was on a downward trend, which was halted by a consolidation phase, creating a Rectangle pattern over 490 days. This pattern, with its three touch points at the upper boundary and two at the lower, suggests a likely bullish breakout.

At present, the price is above the 200 EMA, signaling a bullish market. If we observe a successful breakout above the upper horizontal resistance level of 186.31, it could provide a promising opportunity for a long position.

In the event of a successful breakout, the price target would be situated at 226.52, representing a potential gain of about 21.60%. Please note, a minor resistance may be encountered at 200.97 en route to the price target.


Texas Instruments' weekly chart displays an interesting setup with a bullish Rectangle pattern, hinting at a potential reversal of the previous downtrend. This setup could offer a beneficial long trading opportunity.

As always, use this analysis in combination with your overall market research and risk management strategy, not as direct trading advice.

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Best regards,

Karim Subhieh

Disclaimer: This analysis is not financial advice and is intended for educational purposes only. Always conduct your own research and consult with a financial advisor before making investment decisions.


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