High Tight Bull Flag Forming for Relative Strength Chip Name
Texas Instruments (TXN) shares of the chip stock are coiling nicely above its 21- and 55-day EMA’s and held up great amid the recent Semi selloff. TXN was less extended than peers overall and now look poised to breakout above 205 for a move to new highs above 210. TXN still has the 30,000 Sept $220 calls holding in open interest from the buy on 7/16 at $4.50.
