www.varchev.com

Texas Instruments Inc. – а test of 51.32 will be adequate point for Short

TXN-us. (NASD)
Downtrend;
Formation “Hanging Man” shows that brief upward momentum diminished;
Тhereafter – 5 bars of consolidation;
MA 50, 100 and 200 show that the prevailing sentiment in the market are sell;
In test the resistance level at 51.32 (touching MA50) will have adequate possibility for Short;
The last devouring bar warns for risk – SL near by;
Volatility (week) = 2,07%; price is slightly above the average 52W Range 40.40 – 59.22.


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance