Get started

Txnstock

Texas Instruments: Extending DeclinesDespite some interim countermoves, Texas Instruments continued to see further sell-offs, advancing our primary scenario. Currently, we still see additional downside potential in magenta wave (3) before expecting a temporary rebound in wave (4). With wave (5), TXN is likely to dip into our beige Target Zone between $130.04 and $107.75, completing the broader correction of beige wave IV. There remains a 30% chance that a new (corrective) high in green wave alt. could still materialize, delaying the end of the correction. In this scenario, price would first move above resistance at $221.79 before reversing at the higher $240.67 level.
NASDAQ:TXN
by HKCM_Global
Texas Instruments: Rebound Underway, But Downside Still in PlayTexas Instruments initially continued its decline but has recently shown early signs of a rebound. Nonetheless, we still see greater downside potential in magenta wave (3), and expect the broader bearish magenta impulse to ultimately extend into the beige zone between $130.04 and $107.75. Should a new (corrective) high occur in green wave alt. above $221.79, it could temporarily postpone the anticipated sell-off. However, even in this 30% likely scenario, price would likely reverse no later than at the higher resistance level at $240.67.
NASDAQ:TXN
by HKCM_Global
Texas Instruments: Second Leg Down CompleteTexas Instruments has experienced sharp sell-offs, leading us to confirm the top of magenta wave (2). This suggests that the stock has completed the second stage of the ongoing magenta downward impulse. The current wave (3) still presents significant downside potential in the near term. After a brief recovery in wave (4), wave (5) is expected to reach our beige Target Zone between $130.04 and $107.75. A new corrective high in green wave alt. above $221.79 could delay this process. However, in this 30% likely scenario, TXN should reverse course at the latest by the $240.67 level.
NASDAQ:TXN
by HKCM_Global
Texas Instruments: Don’t Rush It! 🐢With a healthy respect, Texas Instruments is advancing toward the resistance line at $158.99 slowly but surely. Soon, the share should climb above this mark and push off into the green zone between $215.90 and $237.98 to complete wave B in green before turning downwards again. There is a 33% chance, though, that the course could shift away from the next resistance line, dropping below the support at $144.49 instead. In that case, we would expect Texas Instruments to develop wave alt.IV in gray in the gray zone between $130 and $107.68 before moving upwards anew.
NASDAQ:TXN
by HKCM_Global