TXN - low risk setup

TXN is back to long term support and there's a descent chance it will hold for a short term trade (with a stop below the high 13s). Plus it has the added benefit of tech stocks being strong this week. Be conscious of earnings on the 26th.

In the intermediate term (1-5 months) there is no reason to believe that any support levels (not just TXN) will hold so consider going short south of 14 or if/once TXN starts rolling over - perhaps mid to high 15s where there is considerable resistance.

long-term TXN


short-term TXN