Stock of the day: Texas Instruments
11 July 2024
Today, let's quickly revisit Texas Instruments, which we analyzed on the 4th of July. Back then, despite the market being closed, we anticipated future movements, predicting a breakout from the triangle pattern. Indeed, on the 5th of July, the price attempted to break out, but it wasn't until this Monday that we saw a definitive breakout above the upper line of the triangle.
Since then, Texas Instruments has been on a strong upward trajectory. After a minor correction on Tuesday, yesterday's session was bullish, with the price climbing steadily and reaching new long-term highs. This confirms a robust long-term buy signal for Texas Instruments, which remains valid as long as the price stays above the triangle.
This bullish momentum is a promising sign for investors, indicating continued strength and potential for further gains in the coming sessions. Keep an eye on this stock as it continues to perform well.