Texas Instruments Short Short
Texas Instruments IncorporatedNASDAQ
Description
⋅ NASDAQ:TXN
Texas Instruments is about to break weekly cloud support.
Over the past twenty or so years, price has completed or nearly completed various inverted arcs.
I listed various targets based on Fibonacci retracement levels.
I tend to think T2 61.8% retrace level at $135 is the most viable target level, with support from the pre-Covid crash highs
However, if the Fed keeps tightening it would not surprise me if price kept moving towards completing the arc to T3/T4.