I suspect that it could be some profit taking. While I do not adhere to charting, I do look at it, and TGR shows run ups in sp, a fall back to the 27 ema, then consolidation then another run up to a higher high. If the stock follows this pattern, expect a potential retrace to $4.75. It may bonce around there for a while then begin to move higher.
**** WORD OF WARNING - I am not a chartist - take this post as a thought and please DYOR ****
HT1
TGR Price at posting:
$4.81 Sentiment: Hold Disclosure: Held