TLAB Tellabs daily chart shows oversold conditions, falling wedge and positive divergence so a launch bounce is in order. The weekly chart is mixed, however, so, after a price jump should occur, then price will come back down again for a retest, perhaps creating a W pattern bottom, a strongly bullish pattern. But, first thing is first, we will see if price launches in the short term. 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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