Been watching TAP for a while debating whether to take a...

Been watching TAP for a while debating whether to take a position. essentially it has been in a nasty retracement fork, as this daily chart over 3 years shows. The fork alignment is a "modified Schiff" for those that detect something out of normal, but the important bit is the upper line acting as resistance


The second chart is in to 9 months. It shows that price has popped up to test the ema195 from below. The good news is that the ascending green fork is showing the test/retest pattern, which means it has a good chance of providing solid support. The bad news is that all the EMAs are in the wrong order, and the black resistance line is dead ahead, as is the green ML.

Back this evening.