Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (TXN): 4h Chart 8 December 23

TXN Stock Market Analysis: We have been looking for upside into wave (iii) with the previous update and we have successfully continued higher. We are now seeing resistance at the end of Minor Group 2 as we could enter a potential wave ii.  

TXN Elliott Wave Count: Wave ii of (iii).

TXN Technical Indicators: 200EMA as resistance

TXN Trading Strategy: Looking for longs after a break and retest of 158$.  

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Texas Instruments Inc., TXN: 1-hour Chart 8 December 23

Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: We are looking for either a wave ii in place of wave a of ii completed. Looking for further upside into wave ii as long as 155 keeps holding as support and we break through the end of Minor Group 2.  

TXN Elliott Wave count:  Wave ii of (iii)

TXN Technical Indicators: Above all averages.

TXN Trading Strategy: Looking for longs after a break and retest of 158$.

(Click on image to enlarge)

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