Nov. 13 at 1:00 AM
$TXN is currently experiencing bearish momentum, indicated by an RSI of 28.33, suggesting it is oversold. The last close at
$159.7 is significantly below both the 30-day moving average (MA30) of
$170.94 and the 50-day moving average (MA50) of
$175.95, reinforcing the bearish trend. The price is also near the 60-day low of
$156.89, which could act as a support level.
For a trade plan, consider entering a long position if the price shows signs of reversal above
$160. Suggested entry is at
$161, with a stop loss set at
$155 to manage risk. Target 1 can be set at
$170, aligning with the MA30, while Target 2 can be set at
$175, near the MA50. This plan capitalizes on potential short-term recovery while adhering to risk management principles.
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