TXN Possible Retrace Zones

25 июн. 2018 г.

Lets 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!

2 июл. 2018 г.

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Heres an update. Chart looking good still. Ive added a small bounce area to watch out for, not to jump in on. Buy zone still there, will wait for safe entry.

16 июл. 2018 г.

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this is following my yellow brick road perfectly. looking for a pullback soon.

24 июл. 2018 г.

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just waiting for the pull back. looks like its in play. momentum dying off as well.

16 авг. 2018 г.

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seems to still be in play for the pull back. Bearish signs all over.

14 сент. 2018 г.

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looks like its doing exactly what I charted, although now that were closer to the time, I extended the buy zone deeper then the original. I would do 2 different entry zones in there if I were in this trade. I do not have any positions with TXN currently, just giving an update.