weekend charting 16-17 july, page-185

Just my take on TXN (I'm just learning so want to get as much practice at it as I can)! Hope you don't mind Jako, Hotfire.



Definately looks like support comes in at the 0.52 mark.

The last two bars close up but off the highs, there may be a bit of supply still lingering.

Personally that low volume narrow test would've been my entry with a stop just below support and a exit point at around the 60 cent mark depending on the volume on the bars approaching it. This would be a pretty aggressive entry I would think since it's still down trending but due to the tight stop the risk reward would be worth it for me.

Comments from any of the VSA pro's would be much appreciated!