TXN Texas Instruments forming into a descending triangle on the weekly chart. Rejected off the 20d ema line resistance last week. Targeting a move down to the $84.00-$88.00 range by March (assuming unimpressive or worse earnings report late January). Could possibly see us going as low as ~$80.00 to tag the 200d ema line.
Also of note - unusual bearish options activity today with 2k $97.50 strike (in-the-money) Feb. 15th put options traded for about 1M in premium.
Note: Informational analysis, not investment advice.