Below Resistance

With all eyes on Broadcom’s earnings release scheduled for Wednesday, other markets in the sector are giving clues we may be near a reversal (not advice not a recommendation).

One of those, is Texas Instruments.

As can be seen, TXN has failed to move above resistance.

The question for Monday; will TXN quietly retrace upward to test the underside?

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279