Elliott Wave Technical Analysis: Texas Instruments, Oct. 24

Elliott Wave Analyst - tradinglounge • Oct 24, 2022 at 8:45 AM EDT

With Texas Instruments Inc. we are looking for further confirmation before considering long term positions as there is still no clear evidence the uptrend has resumed.

Texas Instruments Inc., Elliott Wave Technical Analysis

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.

More By This Author:

Elliott Wave Technical Analysis: Gold, Silver, Forex, Uranium, Lithium, Nickel, Crude Oil, Copper, Natural Gas
SP500 Elliott Wave Iii) Of C Of (2) - Monday, Oct. 24
Stock Market Summary SP500 & US Stocks Elliott Wave Count

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.

STOCKS IN THIS ARTICLE

Comments

Back to all articles