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justinsandell
May 28, 2021 7:15 PM

TXN Gap Fill Bearish Short

Texas Instruments IncorporatedNASDAQ

Description

TXN filled its gap as the chart suggests and has another gap to fill downwards. I believe the market is looking overall bearish.

This stock is at its top bollinger band right now and the volatility is contracting, options are expecting a small move for next week - about 1%. However the chart suggests this could move up to 2.5% in the next two weeks if it fills the gap.

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