Turquoise Hill Resources Limited is in peril of experiencing a drop.
In a new “NoGo” trend, price yesterday fell into the large gap from March 14th. GoNoGo Oscillator rolled over on heavy volume as it got close to zero and is now falling in negative territory. Pre-market suggests that it will open higher than the upper bound of the gap and we will watch to see if it can stay there. If price moves back into the territory of the gap we can look for the gap to be filled with a target at the lower bound of the gap around $20.50.
