Elliott Wave Technical Analysis: Texas Instruments Inc. - Thursday, Feb. 9

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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (Nasdaq: TXN): Daily Chart, 9 February 2023.

TXN Stock Market Analysis: Moving as expected from the previous update. We are looking for further downside into wave {c} of 2 as the move up that broke the top of wave 1 was a clear three-wave move and therefore could not be impulsive.

TXN Elliott Wave Count: Wave {c} of 2.

TXN Technical Indicators: broke below the 20EMA.

TXN Trading Strategy: Looking for a break of wave (b) before considering shorts.

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, 9 February 2023.

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: It looks like we are in wave (iii) already as we are breaking through the moving averages. 

TXN Elliott Wave count: Wave (iii) of {c}.

TXN Technical Indicators: RSI momentum is lower than it was in wave (b).

TXN Trading Strategy: Looking for at least a pullback in wave (iv) to consider shorts.


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