Technical Summary: We have decided to do a 3 month chart for TGH as opposed to our normal 1 year. Because lets face it, if you are reading this it means you are interested in the price action surrounding the recent takeover. In this case the chart is pretty accurately telling the story as to what is happening with the take over offer. Firstly, there is the large cap in the stock price from around $0.80 to $1.14. This gap occured on the annoucement of the takeover and is typical of price action that normally occurs after a take over annoucement. The takeover was at $1.23 per share, the fact that the stock traded below $1.23 is also normal. The discount is the essentially the ‘chance’ that the takeover does not go through. The stock then traded within a tight range over this time as the market awaited an update from the company. This update was provided over the last trading session. The price action (not the fundamental news) suggests that the deal is more likely to go ahead now after the update. This is because the stock gapped up again and is trading closer to the $1.23 takeover offer. Based on the chart, it is probable that the takeover will succeed.