09Feb
Texas Instruments Inc., Elliott Wave Technical Analysis 09 February 2023
Texas Instruments Inc., Elliott Wave Technical Analysis 09 February 2023
4Hour
Texas Instruments Inc., TXN: 4-hour Chart, February 9 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.
Daily
Texas Instruments Inc., Elliott Wave Technical Analysis
Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, February 9 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.
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