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.
TLAB appears to be holding its own thru this market turmoil. The falling blue wedge, and now falling green wedge, indicates a reversal is near. Oversold stochastics and positive divergence with all indicators all point to a higher move coming. Tech was beaten relentlessly today, along with the broader markets, and would be expected to recover before many other sectors. The 3.72-3.77 area today provided an attractive entry. Perhaps tomorrow brings a better entry but overall, the chart is very constructive for the upside moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or on any links to this site. Consult your financial advisor before making any investment decision.
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