TAP 0.00% 7.8¢ tap oil limited

lines in the sand

  1. 831 Posts.
    TAP has been down trending for sometime however the recent price action shows that we are looking at a possible trend reversal

    Reason I suggest this is possible is the most recent line in the sand drawn form the last wave upward peaked at around this price area 55-56c.

    We are now looking at that line in the sand and testing a possible trend reversal pivotal point.

    Looking to the left and right there is a suggested inverted Head n Shoulder pattern all about us also.

    Market depth shows the Bull has more want than the fearful Bear.

    Interesting observation wouldn't you say ?

    Troll
 
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