TAP tap oil limited
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big breakout

  1. Hangseng
    13,368 Posts.
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    10/07/07
    16:37
    Post #: 2607863
    TAP is about to run very hard. Clear break now and 1.94 resistance broken on high volume.

    Chart looks superb, strongly rising OBV with positive divergence on the DMI.

    If this is a takeover then they are either willing or are being made to pay the price as this is clearly going much higher, pushed along with higher oil prices and imminent positive news.

    My first play with an oiler is looking excellent. Have to love fundamental analysis and TAP is simply one of the best.

    Momentum traders will come in strongly now.

    TAP Price at posting: 0.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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