Elliott Wave Technical Analysis: Texas Instruments Inc. - Monday, Jan. 30

black android smartphone turned on screen

Image Source: Unsplash
 

Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc.,(Nasdaq: TXN): Daily Chart, 30 January 2023.

TXN Stock Market Analysis: Looking for completion of wave 2 after a potential five-wave sequence in wave 1 of (3).

TXN Elliott WaveCount: Wave{b} of2.

TXN Technical Indicators: 20EMA as support.

TXN Trading Strategy: Looking for downside in wave {c} to then start looking for longs.

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, 30 January 2023

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: The move up in wave 1 can also be counted as a three-wave move which makes me doubt the count as a whole. However, the potential triangle seems clear for now.

TXN Elliott Wave count: Wave(e) of{b}.

TXN Technical Indicators: 20EMA as resistance.

TXN Trading Strategy: You could place shorts on the triangle looking to trade wave {c}.


More By This Author:

Theta/USD Elliott Wave Technical Analysis For Jan. 30
Maximize Your Stock Market Returns: Latest News On SP500, Top Tech Stocks
Elliott Wave Technical Analysis: Honeywell Inc. - Friday, Jan. 27

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.