Elliott Wave Technical Analysis: Texas Instruments, Oct. 24

Texas Instruments Inc., Elliott Wave Technical Analysis

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Texas Instruments Inc., (TXN): Daily Chart, October 24 2022, 

TXN Stock Market Analysis: Looking for a potential end to wave (2) as we could start to resumet he overall uptrend.

TXN Elliott Wave count: Wave 1 of (3).

TXN Technical Indicators: We just broke through the 20EMA.

TXN Trading Strategy: Looking for further confirmation before considering long term positions as there is still no clear evidence the uptrend has resumed.

TradingLounge Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, October 24 2022

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: Looking for an acceleration to the upside as it stands. Otherwise we will most likely fall back and break the previous wave (1) origin.

TXN Elliott Wave count: Wave {i} of 1.

TXN Technical Indicators: Trying to break through the EMAs.

TXN Trading Strategy: Looking for short term trades to the upside on three wave pullbacks.


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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 ...

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