Texas Instruments: Extending Declines

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Despite some interim countermoves, Texas Instruments continued to see further sell-offs, advancing our primary scenario. Currently, we still see additional downside potential in magenta wave (3) before expecting a temporary rebound in wave (4). With wave (5), TXN is likely to dip into our beige Target Zone between $130.04 and $107.75, completing the broader correction of beige wave IV. There remains a 30% chance that a new (corrective) high in green wave alt.[B] could still materialize, delaying the end of the correction. In this scenario, price would first move above resistance at $221.79 before reversing at the higher $240.67 level.

Penafian

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