TXN Short due to trade uncertainty
Semiconductors are crucial to the development of tech consumer goods. The trade tariffs are predicted to contribute to in increasing prices of tech devices for US consumers. This will lead to lower consumer spending.
Txn has broken 200 MA with new lows that is tied to above average trade volume vs the 30 day vol avg.
20% Account Risk
30% Margin used
3 Batches of trade entries if prices moves our direction - 300 Units each.
Initial risk is 2.8K (6.5% Account Risk)
