TXN Possible summer tech shortNot sure about, will follow the outlined projection for a bit,as it appears to make two failed attempts at new highs. Entry 117 SL 121 TP 92 is a big RR, 6.25.
Texasinstruments
Going Short on XLNX Ahead of Earnings
Texas Instruments comes out after close today. I'm playing XLNX puts since it will react based on commentary of Texas Instruments tonight. Small Put position. Good luck.
TXN Possible Retrace ZonesLets keep it simple. Wish I posted this chart last week, here is a few things to take note.
TXN had obvious sell signals in the beginning of June. We have been riding the top of the bolly band since the as well.
We have earnings coming up before august, and i love selloffs before earnings! Also you can see the ichicloud crossing bearish.
You can see the momentum is still bearish, but with a few buy signals on the smaller time frames, but im looking at the 4 hour with this one.
Could see a bounce at the 382, with a possible triple top at my sell zone, into a selloff for new years, which ill re evaluate the situation at that time.
If this fails, a stop loss around 94 would be safe, as the levels below that will have to be re evaluated.
Note that it could possibly bounce back to the 114$ area short term as of this exact day, but my strategy is a 6 month trade.
Happy Trading, debating and speculating! Be sure to check out my other charts!
TXN - Possible Bullish Swing TradeThis is a possible bullish swing trade I may enter next week depending on how TXN trades as well as how the overall markets look.
Looking at the hourly chart the 100 SMA has been providing support over the past few weeks, so we will see if that continues.
Bullish Trade Setup: Texas InstrumentsTrade Setup for TXN:
Entry: After a close above $75.25
Stop-Loss: Start @ $74.00 and trail the stop as TXN moves up
Target #1: $77.25. 127.2% extension. Take 50% off the table to lock in profits
Target #2: $80.47 161.8% extension. Take 25% off and tighten stop-loss.
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