Taho Resources (TAHO) Cross Trend 2 BREAKOUT Alert At: $5.85 TARGET: $6.85 (+22%+!!!)

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Aug 22, 2017.close
Tahoe Resourses (TAHO)
TAHO, has been crushed since the Nov 8 2016 election created the GOP3 as it has gone from a level just short of its current 50 DMA at 13.10 to as low as 4.91 (SUB $5!!!) mostly on an imploding USD during that time frame. Al though, this issue could see sub $5 before it bottoms. It’s recovery from its recent post QE2 EPS low of 4.91 to as high as 5.68 on 8.17.17 has set the issue up to fill its EPS gap and even more bullish then that a move up and through 5.83 would result in a BREAKOUT that would result in a short term $1.00 (+17.50%) Furthermore, this issue once the SPX tops at 2052 and thus the USD reverses will begin its rerun back up to 13.10 over the next 12-24 months (61.8% 5 yr retrace) making it an excellent long term buy and hold for more than double!
SHORT TERM MOMO PLAY
Buy Area: 5.85-5.90
TARGET: 6.85 (+17.50%)
SWING TRADE
Buy Area: 5.50-5.60
TARGET: 6.85
LONG TERM HOLD
Buy Area: 5.50-5.40
LIMIT STOP $4.33
TARGET: $13.00 (+135%+!!!)

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