THO, Tahoe Resources


The top is either the first or the second top, with either a simple a-b-c wave 4 zig-zag or a more complex irregular flat. Either way the first target , as always is the base of the wedge $14, so today’s drop comes as no surprise. Most likely we had completed waves 1 and 2 just before this drop and are now in 3. Again using the gap in the middle approach suggest the stock should drop to about $6, if not further.