Let’s look at the one of the best growth stock Texas Instruments Incorporated (TXN) technical chart analysis using it’s weekly stock chart, as it’s trading close to its buying price, April 29, 2017.
#2 – The stock was under long consolidation for most part of last year.
#3 – The Stock had a quick and solid run after the breakout.
#4 – After that quick run, the stock had a slow, but steady run with mini consolidations along the way.
#5 – The accumulation volume was heavy at times.
#6 – The stock found support at the 50 day moving average line along the way.
#7 – The stock appears to be in an another consolidation, now.
#8 – The stock will give an another buying opportunity when it clears this consolidation.
The ideal buy point would be $82.54 – $86.67.