TXN is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Market participants tracking Texas Instruments should note the latest formation. Currently at $279.58, the asset is showing downward momentum (-1.9%). The primary technical feature is a Descending Triangle formation. The trend indicator is reading 25.3/100, suggesting moderate momentum. A potential breakout level is identified at $274.1, targeting $214.17 with support near $312.01 (R:R 1.58).
What is your outlook on TXN?