TXN MT limit sell @34, my entire position, 8% of portfolio. These were shares I bought @ 29-30 in February.
TXN MT limit buys @32, and every 1 point on down, each trade 3% of portfolio.
Looks to me like the stock is stalling at this level. Above 34, next resistance at 38-40. I'm expecting a modest (or more-than modest) market pullback soon. The 200DSMA for TXN is now at 31, and that may be support. Below that, the area where the last two dips stopped, about 26. Below that, the 9/01 lows, at 20 (I doubt we get that low, but I can buy on margin all the way down to there, if it happens). |
