TAP - charts, bottom found, reversing now

Hi all,

Seen some previous posts from others sensing accumulation, I couldn't agree more. Been watching this and now believe it has bottomed out with a classic reversal pattern, WITH supporting volume, so I'm issuing a buy.

Context: Down trend for years, however showing the signs of a support at very typical round numbers 10c and 5c. The jump in volume since March has continued since, which suggests there is continuing interest in this stock, not the short-term interest that dies off (and then the price move fizzles out) which many of us have witnessed I'm sure...this one does feel suspicious, and suggest accumulation may indeed be taking place, possibly institutional...let's hope so.

Charts: Chartists would call this an inverted Head & Shoulders formation (bullish), and strong volume and a nice consolidation in the second shoulder. If you want, you could also call it a Cup & Handle formation (also bullish). But the most important thing about chart patterns imo, is it needs to have supporting volume to back it up. If price does pull back, it has 3 technical supports it needs to bulldoze through if it does want to make a nose-dive.

Trigger: Strong volume in the 9c-10c consolidation is a nice trigger for me.

Depth: Bids outnumber offers 1.5 to 1 yesterday, this morning, it is now 2 to 1.

Shorts: No current short interest open (Link)





When technicals and fundamentals align, there's potential for massive profits and on low-risk entries, so feel free to share any fundamentals or general thoughts.

GLTA