TAP - another candidate for a long-term portfolio

Price has delivered an impulse up on daily, and at the moment is forming a flat pattern.
Most likely, this is going to be an expanded flat, in order to tag 62% retracement against the impulse.
In this case wave ((c)) of this assumed corrective pattern will equal 162% of the wave ((a)).

Target price - around $40 per stock

Bình luận:

we may also get a running flat, where wave ((c)) would equal wave ((a)).
If so, then the current price is close to the completion of the pattern.

I would wait for 2 options:

- base case: retracement to 40
- if price makes a move up, I will take the long after a proper correction after the new impulse