TXN has formed a clear breakout pattern. Price has a clear shot at 200 or higher if the market provides support. Stock needs to hold the tan box. If it gaps up premarket I will wait for a pull back into the box.. Watch for a false breakout given the recent market weakness. Any move back below box would void the trade. Targets are the fib extensions above.
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Be aware that price may need to pull back again before making a push to new highs. A trade can be taken off of the bottom of the box with a tight stop or on a clean break with volume of the high.
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So it pulled back today and maintained bullish price action despite big down day for the indexes. Will continue to watch next week.
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Pulled back with the broader market but has now recovered. Back on breakout watch.
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Broke out on next try. T1 hit.
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Will close the remainder b/e if the markets sell off. I can always re-enter.
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Stopped.
