I looked at TAP closely over the last couple of days and decided to go with ROC instead.
ROC's price action is more encouraging with buyers well and truly outumbering sellers by a hefty margin.
Both stocks have broken out chartwise but ROC has less downside risk ... imo
That said ... if TAP comes up trumps with its drilling programme the s/p could more than double.
So ... is it a good time to buy TAP? I guess it depends on your appetite for risk and your view of where the oil price is headed.
Good luck.
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