Elliott Wave Technical Analysis: Texas Instruments Inc.

By Peter Mathers of Trading Lounge

Elliott Wave Analyst - tradinglounge • Aug 18, 2022 at 8:57 AM EDT

Retracing as expected, we could have a simple and short wave (2) or else have a double correction lower.

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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc.,(Nasdaq: TXN): Daily Chart, August 18, 2022,
TXN Stock 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)
TXN Trading Strategy: Wait for the end of wave C and then look for a bounce to start building longs.

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

Analyst: Alessio Barretta

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

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

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

TXN Trading Strategy: In a short time frame we could look for short opportunities.

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