Here's your chart Haans
Weekly chart moving average turned up last week.
Price crossed above the moving average a few weeks back & still there.
Both are positves.
MACD line heading north towards the centerline & positive momentum.
Last week's low saw the price in the expected 50-61.8% Fibonacci retracement level of the recent 10-29c run.
The ADX shows no sign of a trend & RSI is in a neutral position also.
TXN looks to be in a bottoming Head & Shoulders reversal pattern. Tip of the right shoulder formed last week.
A closing price > 27.5c, (30c to be safe), within the next 2 months should result in a target of 45c.
Note the previous November high @ 50c, the next resistance level.
IMO, DYOR
Regards
- Forums
- ASX - By Stock
- TXN
- some quiet buying going on
some quiet buying going on, page-4
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)