TXN Breakout watch

16 сент. 2021 г.

TXN has formed a clear breakout pattern. Price has a clear shot at 200 or higher if the market provides support. Stock needs to hold the tan box. If it gaps up premarket I will wait for a pull back into the box.. Watch for a false breakout given the recent market weakness. Any move back below box would void the trade. Targets are the fib extensions above.

16 сент. 2021 г.

Заметка

Be aware that price may need to pull back again before making a push to new highs. A trade can be taken off of the bottom of the box with a tight stop or on a clean break with volume of the high.

18 сент. 2021 г.

Заметка

So it pulled back today and maintained bullish price action despite big down day for the indexes. Will continue to watch next week.

23 сент. 2021 г.

Заметка

Pulled back with the broader market but has now recovered. Back on breakout watch.

25 сент. 2021 г.

Заметка

Broke out on next try. T1 hit.

27 сент. 2021 г.

Заметка

Will close the remainder b/e if the markets sell off. I can always re-enter.

29 сент. 2021 г.

Заметка

Stopped.