TA in practice - Texas Instruments

I'm new to chart reading and I was hoping you guys on here can give me your opinion on Texas Instruments.

1) I think I see an ascending triangle
2) CMF shows strong accumilation 0.28

If I do a fibocanni from the lows in July to the high in Aug 9th I see the current price is heading towards the 50% line.

Am I wrong in thinking this could go above the Aug 9th highs and maybe up to the April 26th high?

Thanks,
NewToTA


TXN.jpg
 
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