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5/10/17

Tahoe Resources (TAHO) (THO.to) and gaps

Chances that TAHO breaks down through U$8 in the near future?



If the last six months of gap-filling is anything to go by: High.

And yeah, TA really isn't usually my thing (many many fools get fooled by its randomness) and the barrier to entry for being a "TA expert" is low (even lower than being a blogger, that's saying something). But when you combine the pattern showed by TAHO with the undeniable fact that this is a seriously pumped company and a lot of sell side anal yst whoredom jobs depend on getting people into the stock, the squiggly line above is witness to how any piece of good news gets rammed down the market's collective throat,with those up-gaps particularly notable. Somebody out there is providing the shares to sell.