TXN Bearish Engulfing
Bearish Engulfing, Bearish Divergence & at resistance level
1 Trade Pullback to 0.382 Fib / Trendline and resume uptrend? or break through?, Place stop above high of candle.
2 Trade Break through trendline and pullback to support / 0.786 Fib, we can expect rebound and test of trendline, if stock sentiment has turned bearish it will probably miss short of retracing all the way back to trendline. Place stop above candle which breaks the trendline.
Earnings 22 Jan After Market Close
1 Trade Pullback to 0.382 Fib / Trendline and resume uptrend? or break through?, Place stop above high of candle.
2 Trade Break through trendline and pullback to support / 0.786 Fib, we can expect rebound and test of trendline, if stock sentiment has turned bearish it will probably miss short of retracing all the way back to trendline. Place stop above candle which breaks the trendline.
Earnings 22 Jan After Market Close
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.