Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Saturday, March 5, 2011
TXN Texas Instruments Daily Chart Negative Divergence
TXN Texas Instruments looking at more negative divergence as evidenced by the blue lines so down she will go. Weekly chart negatively diverged as well. TXN is giving the periodic 'TXN Outlook' this coming week and by the looks of the chart, the news will not be that exciting. Watch for a fight between price and the 20 MA level and price should collapse down thru. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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