Entry: 130.52
Stoploss: 136.32
Target zone 122-118
R/R ratio: 1:1,2 to 1:2
TXN - Texas Instruments
On the weekly I see a rejection on the reistance of 132 $.
We have a bearish divergence on EFI and MACD-H, and the impulse is yellow as well.
RSI is still rising and %D and %K are widening, which is a bit worrysome.
On the daily, we see there is a...
Bearish Engulfing, Bearish Divergence & at resistance level
1 Trade Pullback to 0.382 Fib / Trendline and resume uptrend? or break through?, Place stop above high of candle.
2 Trade Break through trendline and pullback to support / 0.786 Fib, we can expect rebound and test of trendline, if stock sentiment has turned bearish it will probably miss short of...
Seemingly every stock in this sector has spiked on earnings, but on this occasion we will sit on the sidelines.
The volume has declined consistently.
The RSi is in bearish divergence to price action .
Stock is currently at upper trend-line resistance.
Possible rising wedge forming which is not a bullish structure to trade.
Entry level $133.50 = Target price $143.67 = Stop loss $130.65
Levels of Interest = $132.46
P/E ratio = 24.
Average Recommendation: Overweight Average Target Price:$129.31
12 BUY
01 OVERWEIGHT
18 HOLD
1 SELL
Company profile
Texas Instruments Incorporated engages in the design and manufacture semiconductor solutions for analog and digital embedded and...
Pinbar off of 20 ma. Also hits 23.6% Fibonacci level. Seems to have a history of respecting pinbars too. I am waiting for price action and setting my entry a little above the previous day's high.NASDAQ:TXN
On daily chart, the price already hit SMA200, plus it also testing a strong support yesterday.
On weekly chart, it has broken the trend line.
However, there's still no clear direction.. It may got up or may go down.. Too risky to enter trade at the moment.
Wait and see next confirmation either bullish or bearish.
RSI keep weakening with all other indicators suggested further decline to 114 support then to 112 1.62 fibo then we can see bounce to fill up previous earning gap but not soon
NASDAQ:TXN gapped down and fell on earnings day with high volume, but the stock immediately stabilized and found support. Notice how broken resistance and the August low mark a clear support zone. The long-term trend is still up and there are also two bounces off the 116 area in late October. Semiconductors are strong overall and I expect TXN to continue higher.
Buy and sell opportunity: wait for a bullish and bearish reversal in buy and sell zones respectively.
Trend analysis:
Monthly - up
Weekly - down (correction)
Daily - down (correction)
Hourly - down
Long-term opportunity: buy
Short-term opportunity: sell
Possible bearish pattern if break down blue line and close below main support at 114.8 where all this upmove starts . possible targeting point of 106 where investors confirm bull run . stoploss for this idea to close above 121
Texas Instruments Incorporated engages in the design and manufacture semiconductor solutions for analog and digital embedded and application processing. It operates through the following two segments: Analog & Embedded Processing. The Analog segment semiconductors change real-world signals such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. The Embedded Processing segment designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company was founded by Cecil H. Green, Patrick Eugene Haggerty, John Erik Jonsson and Eugene McDermott in 1930and is headquartered in Dallas, TX.
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TXN
