TII trade ideas
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)
TXN Possible Retrace ZonesLets keep it simple. Wish I posted this chart last week, here is a few things to take note.
TXN had obvious sell signals in the beginning of June. We have been riding the top of the bolly band since the as well.
We have earnings coming up before august, and i love selloffs before earnings! Also you can see the ichicloud crossing bearish.
You can see the momentum is still bearish, but with a few buy signals on the smaller time frames, but im looking at the 4 hour with this one.
Could see a bounce at the 382, with a possible triple top at my sell zone, into a selloff for new years, which ill re evaluate the situation at that time.
If this fails, a stop loss around 94 would be safe, as the levels below that will have to be re evaluated.
Note that it could possibly bounce back to the 114$ area short term as of this exact day, but my strategy is a 6 month trade.
Happy Trading, debating and speculating! Be sure to check out my other charts!
texas instrument ...This is just a technical analysis . No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
