TXN trade ideas
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Bullish Trade Setup: Texas InstrumentsTrade Setup for TXN:
Entry: After a close above $75.25
Stop-Loss: Start @ $74.00 and trail the stop as TXN moves up
Target #1: $77.25. 127.2% extension. Take 50% off the table to lock in profits
Target #2: $80.47 161.8% extension. Take 25% off and tighten stop-loss.
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TXN Breaking Monthly Resistance Top @ $75TXN has built momentum for the last 10 years and is finally breaking out of an old top established back in 2000. The sector has been performing strongly and is expected to continue.
Strong bullish momentum will bring a breakout above $75. Target 1 is $97 with T2 @ $125.
Accumulate on any dips for smaller timeframes, such as daily or weekly.
Strong basing formation after gap.After breaking a year long resistance at 60, we finally see a strong breakthrough. The market feels overbought and we could see a correction down to 66 filling the gap, which could also be a good entry. Either way, a break of this basing formation can give a solid risk/reward trade
TXN short opportunityMonth long RSI divergence getting ready to correct itself by filling the juicy gap
TXN(Daily). Head and Shoulders Top(Retest)Head and Shoulders Top. Retest of NeckLine.
50 200 sma Cross Over.
Potential Bear Flag.
RSI at potential resistance.
BABA '14 vs TXN '00Comparing the current BABA crash with the TXN crash of 2000. What's really interesting is that BABA has made a new low from the lows around the IPO. TXN went and tested the leg start from its IPO. I'm looking to see if the BABA bear flag breaks to the downside, or if this is accumulation, where we would see bearish momo being offset to pop back to big support lost. This would then become a bear trap. But I'm really curious now, because we made a new low. If the BABA bear flag breaks to the downside and holds below 80, I have a target in the 60s.
Texas InstrumentsTXN is very oversold + flirting with support channel = a decent chance for a bounce. Stop 45.5. Target 48.
TXN channels updated from previous publishedThere are overlapping numbers because there is more than one channel size.
The key idea is one channel size keeps it's VERTICAL distance always. From 1 to 1p or visa versa remains a constant distance no matter what the angle of the channel. The 2nd thing is, when a channel breaks into future data then you have to go back to a reset point so the channel follows the edges of the data and doesn't break through it. (usually key bottoms or tops are the set points). This method is very accurate IF you can determine the correct LEAD or 2L point...which is harder than you think.
T=top B=bottom. The formations are bbt, btb, btt, ttb, tbt, tbb. Three point hits in a channel is what you are looking for. Sometimes there are 4 bounces in a channel (from one side to the other) instead of 3.
The 2 best formations are bbt and ttb. They are usually steep moves and the 2L or lead points are usually set close to the starting 1 or 1p.
There are other channel ideas that I have published. This is the method that I trust the most.
TXN and arc distances, angle speeds and channel angleThe reason angles hang in the air and don't make it to the bottom of the channel is because the arc distance is right, but the angle speed is TOO SLOW to make it continue to the bottom. That's why you'll see overlaps at the vertical posts. Notice the posts go through several arc distances. If the arc distance is right, but no speed the channel bottom can't be made. On the other hand the larger arc distance does make it to the bottom of the channel with that slower speed.
Just look at the VERTICAL intersections through the arcs. Where the VERTICALS intersect is why the angle stopped there.. and some angles hang in mid air or mid channel.
This idea is like Gann squares with the arcs intersecting the squares. The problem is every chart has specific arc distances and angles speeds. I find the best results are by first finding ellipses that hit at least 2 points on the same arc, then from the same ellipse center I try for other distances where there are multiple hits on a larger arc. Once I find consistency in points hitting multiple arc distances ALL from the SAME CENTER point. Then I rescale the chart into a circle. The projection tool can be overlaid to see if the circle has the proper circular shape.
Once everything is in order. The Fib wedges can be used. They always draw a perfect arc. Just clone the arc sizing to reuse it elsewhere.
An easy way to set this up would probably be to find the right arc distance, then draw a horizontal trend line on the chart, the same as the arc distance as a reference point. Just lay the fib wedge over the horizontal line and it's specific distance to reuse the arc distance.
So you have 3 correlations to help find a possible reversal point. 1. The channel distance across (the channel angle should have a lead point to set it's angle 1st). 2. Common angle speeds that reoccur across the chart ( there are usually only 2 or 3 main angle speeds) 3. Arc distances (stick to the sizing that is closer to the move you are looking at). Although I do look to see if other distances from a center also line up.
If everything worked out...and you're lucky and have good sense of general direction and angle speed, then it's possible to nail the point.
I did this on EURCAD mostly with the channel sizing. The angle was off, but the channel height was right. On the other hand coming down, my arc distance was right, the channel distance right, but the speed was off. I missed the top by 6 pips and the bottom by 45 pips.
Now don't expect THAT one every time, but I think these correlations between angles, arcs, and channel sizes help the accuracy.
40.88 is the first big support for TXN.With the big put action today in TXN pre-earnings, look for 40.88 to be tested.
Channel Post MethodThis method is different than normal channels because the VERTICAL DISTANCE between the channel remains constant. There may be 2 constant channel sizes though. Accurate placement on the significant points is important and there should be minimal margin of error in breakthroughs. I zoom in at least 200% to set them.
I have tried this method on Hi-Caps, pennies, currencies and even 15 minutes charts...it still works.
Follow only one set of colors at a time to understand the chart. The key point is point 2L. It is the lead point that establishes the angle on one side. That angle is carried to the opposite side, and sometimes set on the imaginary "post" 1p.
If you guessed right, the precision in this system can be very accurate.
The trickiness in this system happens when a 3 point hit occurs, then the next channel only has 2 points (a miss). If your sizing is right the channel post size will continue again in the next segment.
The easy way to find the sizes is backtest. They will continue if the size is right.
Like $MSFT, another ticker with a 13 year base.measured move to $65 or just go back to play within the box. range from top to bottom is $25
