May 4, 2019
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TXN Texas Instruments Incorporated Stock Charting
Study Texas Instruments Incorporated stock chart from before 2011.
See chart, picture worth a thousand words.
Price Action goes from low in 2011 before 2011 to the high in 2018. If you are the buy and hold player, you will be laughing to the bank. As the price has gone from below 30 dollars to the high at 120 dollars. Of course this is very small change as compare to stock such as Amazon.com and Google Inc. But for less than ten years it is not too bad.
However, most of the people will like the price to go higher. This does not happen for this stock. Price begin to slide sideways. See chart.
Now the price action retest the resistance again. So, what’s next? Two things. And there is only two things you could do. One do nothing and see what comes, two take profit and wait for another trading opportunity. Will you have to take ownership for whatever action you take as a trader.
Trade with your eyes open.
Moses Stock Observation
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.