TXN
$TXN Texas Instruments Short - Bearish Options Activity$TXN Texas Instruments forming into a descending triangle on the weekly chart. Rejected off the 20d ema line resistance last week.
Targeting a move down to the $84.00-$88.00 range by March (assuming unimpressive or worse earnings report late January). Could possibly see us going as low as ~$80.00 to tag the 200d ema line.
Also of note - unusual bearish options activity today with 2k $97.50 strike (in-the-money) Feb. 15th put options traded for about $1M in premium.
Note: Informational analysis, not investment advice.
Trade Idea TXNApple may have given Texas Instruments more love with latest iPhone
Brian Womack
American City Business Journals•September 26, 2018
Texas Instruments Inc. (NYSE: TXN) may have fared better with the Apple Inc.'s latest iPhones. The semiconductor company, which makes various products for an array of industries, is supplying a couple of components that help with processes around power management and battery charging in the new iPhone XS and iPhone XS Max. That's according to a new report by iFixit, which tears down new gadgets to see which companies are getting parts into devices. The Apple handset, which is released each September, always gets attention in the industry given the handset’s longstanding popularity.
TXN Short due to trade uncertainty
Semiconductors are crucial to the development of tech consumer goods. The trade tariffs are predicted to contribute to in increasing prices of tech devices for US consumers. This will lead to lower consumer spending.
Txn has broken 200 MA with new lows that is tied to above average trade volume vs the 30 day vol avg.
20% Account Risk
30% Margin used
3 Batches of trade entries if prices moves our direction - 300 Units each.
Initial risk is 2.8K (6.5% Account Risk)
TXN Possible Retrace ZonesLets keep it simple. Wish I posted this chart last week, here is a few things to take note.
TXN had obvious sell signals in the beginning of June. We have been riding the top of the bolly band since the as well.
We have earnings coming up before august, and i love selloffs before earnings! Also you can see the ichicloud crossing bearish.
You can see the momentum is still bearish, but with a few buy signals on the smaller time frames, but im looking at the 4 hour with this one.
Could see a bounce at the 382, with a possible triple top at my sell zone, into a selloff for new years, which ill re evaluate the situation at that time.
If this fails, a stop loss around 94 would be safe, as the levels below that will have to be re evaluated.
Note that it could possibly bounce back to the 114$ area short term as of this exact day, but my strategy is a 6 month trade.
Happy Trading, debating and speculating! Be sure to check out my other charts!
SOXL (and TXN) at a discountSOXL is a 3x leveraged ETF, whose top 5 holdings are TXN, NVDA, QCOM, INTC, and AVGO. Earlier today, TXN endured a massive sell-off following their unimpressive earnings report, resulting in a hard drop in price for SOXL, as well. However, I don't expect TXN to stay down past this trading week, and when it rebounds, SOXL will be along for the ride. The semiconductors industry is red hot.
TXN bull flag Ride the Trend!Sector performing strong
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95