TXN forming a wedgie, looks like it's gonna gap up tomorrow morning. Guessing it will close the gap right away like MSFT did.
Here's the funny thing, they made less than last year yet it's going to ATH because they beat estimates which are lower than last year's.
Every DOW component doing the same stupid thing, NKE net income the past year was lower than 2017, lol. Stocks are completely disconnected from reality, but you can't trade on fundamentals. Stock market is in a bubble, it's like trading Bitcoin now.
Note: I'm not planning on trading TXN.
Here's the funny thing, they made less than last year yet it's going to ATH because they beat estimates which are lower than last year's.
Every DOW component doing the same stupid thing, NKE net income the past year was lower than 2017, lol. Stocks are completely disconnected from reality, but you can't trade on fundamentals. Stock market is in a bubble, it's like trading Bitcoin now.
Note: I'm not planning on trading TXN.
Note
LOL, market is retarded, obvious short squeeze. Giant gap because they beat reduced earnings estimates. Wish every stock would do that, I'd get rich by betting on every earnings.Note
Interesting.... looks like it's actually forming a channel and it might bounce to new ATH here...Note
Odd way to hit it, but target hit
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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.