Thursday, July 28, 2011

TLAB Tellabs Weekly Chart Oversold Falling Wedge Positive Divergence

Falling wedge, oversold conditions and positive divergence has TLAB on the launch pad. Daily chart looks tastey as well. Price may venture to 3.8 but a spike upwards can occur at any time. TLAB looks like a beach ball being held under water, it should be spectacular to watch. Projection is the resistance shown by the black lines and the gap fills at 4.45, 4.65 and 5.5. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.

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