Skip to content
October 22, 2009 / Jeb

Taseko (TGB) Major Breakout From Rectangle Formation

Please see my previous post where I recommended readers to add to positions as Taseko reached the 50 day moving average.

Today (TGB)  made a huge breakout on great volume from a rectangle formation.  Breakouts usually continue to make the same percentage gain of the previous run.  Readers are now up 100% from my original recommendation.

Institutions are piling in to Taseko as good news and potential development of the Prosperity Mine is coming closer to fruition.


Notice from the chart how it tested the trendline and 50 day successfully and broke out on more than double average volume.  Price volume action proves that demand is exceeding supply.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: