TXN has retested its upper level and old support of $104, it then remounted back to the downside today which is a signal that it will retrace back to breakout lows and possibly to even lower support. That combined with a bearish engulfing candlestick and a pullback off the 13ema signals a very bearish sentiment. I entered at $100 price level before i could post this trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.