Thread: TXN is ready for SHORT…………….???

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  1. #1

    Default 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.
  2. #2

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    Would you like to share your opinion???
  3. #3

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    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?
  4. #4

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    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.
  5. #5

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    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.

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