Tuesday, December 6, 2022 7:35 AM EDT

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Texas Instruments Inc., Elliott Wave Technical Analysis
Texas Instruments Inc., (Nasdaq: TXN): Daily Chart, December 6, 2022,
TXN Stock Market Analysis: It looks like we are into wave (3) and we are looking to extend higher. 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.
Analyst: Alessio Barretta

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 a sharp 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.

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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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