TXN is ready for SHORT…………….???
TXN is weak now. It gave the bad earnings for the last quarter and bad outlook for the current quarter. I think in this situation the company is ready for a SHORT for short time.
Technically the company is weak as well.
Would you like to share your opinion???
It seems that TXN is creating a double bottom (considering daily chart). But I think it won’t win to do this in the bad economical situation.
What do you think about it?
I think TXN is right at big support here and if anything is a long, not a short. Divergences are positive and the TXN could make a move back to the 50 day moving average near 19.50, so just be careful.
I think it can?t survive that long, it may correct the share price to 17. So, I am not thinking to long this company now, while the US economy is weakening day by day.
I this bad situation when it will correct it self then I would like to short it though the double bottom is asking to touch your (19.50) target.