TAP 0.00% 7.8¢ tap oil limited

over bought

  1. 8,443 Posts.
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    Now before everyone gets deffensive this is based on TA not FA.

    Im not up to date with the FA of the stock atm but TA shows it is way over bought and id say a pull back to around 72-73 cents is on the cards.

    Stockastic, MACD, RSI, TRIX and MONEY FLOW indicators all show that the stock is heavily over bought so dont be surprised to see it cool off in the near term.

    Id post a chart but im on the wrong computer that doesnt have the software on it, maybe tonight i will.

    Probably a good position to short from.
 
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Currently unlisted public company.

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