In this daily bar chart of TXN, below, we can see that prices have stalled a number of times in the $118-$120 area - not just in the past 12 months but since early 2018 (see the weekly chart, below). Prices are trading above the flat 50-day moving average line and the bottoming 200-day line.
Price-wise the daily chart looks strong but trading volume has been declining since January, however, the On-Balance-Volume (OBV) line has only stalled in the past two months.
The Moving Average Convergence Divergence (MACD) oscillator is in a bullish mode above the zero line since the middle of June.
In this three-year weekly bar chart of TXN, below, we can see that prices are above the slightly rising 40-week moving average line. The price pattern on this weekly chart could be a large inverse head and shoulders pattern with a neckline at $120.
The weekly OBV shows a slight decline the past 12 months and the MACD oscillator is above the zero line and perhaps poised to turn higher for a new buy signal.
In this Point and Figure chart of TXN, below, we can see a potential upside price target of $138.
Bottom line strategy: The charts of TXN look bullish. If you are an investor looking beyond a trade deal AND can afford to risk below $105 (the right shoulder of the inverse head and shoulders pattern) then you approach the long side looking for $138 as the first upside price target.