Short term view - TEXAS INSTRUMENTS : The 50% retracement is causing the bounce.
The trend remains neutral. Prices will have to break above the peak at $112.90 for the trend to be positive again with an invalidation level below $105.20.Arguments :
- The 50% retracement is causing the bounce.
- Prices are breaking above the moving average.
- The reaction at the resistance is weak, we anticipate its break soon.
Texas Instruments designs and makes semiconductors that it sells to electronics designers and manufacturers. The company has two reportable segments: Analog and Embedded Processing. The company's analog semiconductors change signals, such as sound, temperature, pressure or images to a stream of digital data. The company's analog segment primary product lines includes: power, signal chain, and high volume. The company's embedded processors are designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company's embedded processing segment primary product lines includes: connected microcontrollers and processors.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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