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Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis August 18, 2022


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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc.,(TXN:NASDAQ): Daily Chart, August 18, 2022, 
TXNStock Market Analysis: Retracing as expected, we could have a simple and short wave (2) or else have a double correction lower.

TXN Elliott Wave count:  C of (2)
TXNTrading Strategy: Wait for the end of wave C and then look for a bounce to start building longs.

TXNTechnical Indicators:We are above the 200EMa while we are crossing the 20 EMA. I would like to see the 200 EMA act as support.

TradingLounge Analyst: Alessio Barretta

TXN_8_18.png.a0c56e9f408b5b44aca50a632989c810.png

 


 

Texas Instruments Inc.,TXN: 4-hour Chart, August 18 2022, 

Texas Instruments Inc.,Elliott Wave Technical Analysis
TXNStock Market Analysis: It looks like wave C is not yet completed and we could unfold lower.

TXNElliott Wave count:  Wave {iii} of C.
TXN Technical Indicators:Below the 20EMA, we could get support off the 200EMA.

TXNTrading Strategy:On short time frame we could look for short opportunities.

TXN_4H.png.2fe9e1fb18737221a46c732aed8ed13b.png

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