Jump to content

Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis December 6 2022


Recommended Posts

Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, December 6 2022, 

TXN Stock Market Analysis: It looks like we are into wave (3) and we are looking to extendhigher. We have consolidated above all averages and it looks like we are ready to resume higher.

TXN Elliott Wave Count: Wave {iv} of 3.

TXN Technical Indicators:Above all EMAs.

TXN Trading Strategy:Looking for longs into wave {v} which you can already start to build.

TradingLounge Analyst: Alessio Barretta

 

TXN_12_6.png.dfd6ff08fe4e4737af6352bb4528936c.png

 

 

 

Texas Instruments Inc., TXN: 4-hour Chart, December 6 2022

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: Looking for further upside as we have a nice alternation between asharp wave {ii} and a sideways/potential triangle wave {iv}.

TXN Elliott Wave count: Wave {iv} of 3.

TXN Technical Indicators: 20EMA currently acting as support.

TXN Trading Strategy:Looking for longs with an aggressive stop at 171$ and a more conservative stop at 166$.

TXN_4H.png.6253713e6b29ff8f535b34d91a24b65b.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,195
    • Total Posts
      90,731
    • Total Members
      41,305
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sbehdadkia
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
×
×
  • Create New...