TLAB Tellabs Daily Chart Oversold Falling Wedge Positive Divergence

TLAB has received the recent tech beating falling from almost 4.00 to 2.85 in only seven weeks time.  Ouchie.  Note the July action withthe falling wedge, oversold conditions and positive divergence in the money flow. This bounced price but look at the other indicators in July, making lower lows (thick red lines), wanting to see a lower low in price in the future.  Fast forward to now, the lower low printed so the thick red lines are happy now.  Price is now in another falling wedge, with oversold conditions, and positive divergence, so TLAB should be ready to rock.  The two complaints are the weak and bleak profile of the MACD line and money flow over the last two weeks (short red lines). The weekly chart is positively diverged and very agreeable to upside from here. Thus, price likely needs to stutter step in here but should be ready for a launch at any time. Any entry from 2.7-2.9 looks good, if 2.7 fails, then 2.15-2.35 wold be targeted for an entry.  Keystone is in it and will add on weakness, or take the money and run if it launches, then reenter. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.