CFD Trading – Buy Texas Instruments Inc (TXN.NAS) @ $149.70. Stop at $142.90 and Target at $162.60

Texas Instruments Inc. Stock Code TXN.NAS

Outlook
Price broke above the 2 September high of $148.36 last Friday, creating a new high. This could be the resumption of the bullish trend after a 1 month consolidation after hitting the previous high. Price also gapped above the previous high, reinforcing the bullish trend. Price is currently above the cloud and Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend. Lagging Span is above price of 26 days ago and is above the cloud as well. This confirms the bullish trend. MACD has bullish crossover signal while in the bullish zone. MACD is also rising, indicating a bullish trend ahead. The Ichimoku chart also has a V-shaped breakout with a V price projection target of $162.62.

Strategy                  
$149.70              Buy
$162.60              Price Target
$142.90              Risk Management Stop
3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.