TA in practice - Texas Instruments

Discussion in 'Technical Analysis' started by NewToTA, Aug 12, 2010.

  1. NewToTA


    I'm new to chart reading and I was hoping you guys on here can give me your opinion on Texas Instruments.

    1) I think I see an ascending triangle
    2) CMF shows strong accumilation 0.28

    If I do a fibocanni from the lows in July to the high in Aug 9th I see the current price is heading towards the 50% line.

    Am I wrong in thinking this could go above the Aug 9th highs and maybe up to the April 26th high?