Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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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