Aug. 16 at 1:37 AM
$TXN | Texas Instruments | Technology 🔌
High-conviction bid volume is building on
$TXN as price tightens right above primary volume profile demand! 💥 Solid buyer response off the
$251.58 demand sweep confirms strong baseline floor defense as price reclaims
$279.03 ⚡
Profitability & Fundamentals: Top-tier semiconductor manufacturer capturing expanding automotive and industrial electronic automation spend.
Technicals: 8h timeframe shows a bullish trendline recovery base structure coiling firm above baseline moving average support 📊 Stochastic RSI is crossing upward off oversold territory. Holding
$261.58 maintains the reversal base.
Bull Key Levels:
$279.03 🐂 🔥 | Confirm:
$290.00 🐂 📈 | Extension:
$308.00 🐂 🚀
Bear Key Levels:
$261.58 🐻 ⚠️ | Confirm:
$251.58 🐻 🚨 | Extension:
$235.00 🐻 📉
Stop Loss:
$273.50 🛑
Targets:
$308.00 /
$333.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#TXN #stockmarket #technicalanalysis #swingtrading #hovdid