TXN bull flag Ride the Trend!
Sector performing strong
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95
-Long term trend is bullish with strength slightly weakening but still in uptrend...consolidation
-intermediate time frame showing a nice flag forming after that sharp quick advance finding support in the 80.18 area
-relative strength is slowing showing a nice pullback
-the real tell is the obv which is showing the positive volume pressure going into the move
-measured move of around 2.50 brings target to 82.7-82.75 but realistically to 82.20 area following the path of least resistance
-risk reward ratio= 10.95
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