TXN - Texas Instruments - Short / Bearish Divergence

Entry: 130.52
Stoploss: 136.32

Target zone 122-118

R/R ratio: 1:1,2 to 1:2

TXN - Texas Instruments

On the weekly I see a rejection on the reistance of 132 $.
We have a bearish divergence on EFI and MACD-H, and the impulse is yellow as well.
RSI is still rising and %D and %K are widening, which is a bit worrysome.


On the daily, we see there is a rejection candle and with that a bearish divergence is drawn on MACD-H, not on EFI though.
It would be good to enter now, althought the market open could give us a better price, or new insights on this ticker.
So I’m carefully monitoring the market on monday, before entering this short.

The target is set on the weekly, and consist of a move of 2 ATR levels. Considering the history, the -1 ATR level is mostly crossed on divergences and strong pullbacks, so this sounds reasonable.

I will evaluate the market on monday en update accordingly. This could be an interesting trade.

Will update here later.