TXN our gains, pleasure or pain?
Hey traders,
Just clicking around and found a funny line.
Obviously, market is wound up and hard to tell which way it will go (go look at
SPX
). I think there might be a couple of good retracement plays here. Long @ .618 - .9 (pretty much anywhere within GANN BOX for reference).
You may have to wait for earnings to slam this into support levels.
What do you think?
Not financial advice!
Thanks for reading, trader!
Just clicking around and found a funny line.
- Strong fundamentals - Yes, they are taking on some debt...but it's calculated.
- Will always be required for math
- Retracement incoming
Obviously, market is wound up and hard to tell which way it will go (go look at
SPX
). I think there might be a couple of good retracement plays here. Long @ .618 - .9 (pretty much anywhere within GANN BOX for reference). You may have to wait for earnings to slam this into support levels.
What do you think?
Not financial advice!
Thanks for reading, trader!
Komen:
will update with position as market progresses