TAN Long

Snek Updated   
AMEX:TAN   Invesco Solar ETF
TAN Using the Ichimoku cloud , we can see regular bullish activity in an overall bearish trend . Paired with a strong buy signal from the RSI dipping below 30. Long position was taken out at $17.77, with a stop loss of 7.32%
Cloud entrance medium bullish signal on 2/10 closing at $17.19. Keep an eye on the upcoming 10 day long cloud, as this will be another opportunity for a cloud breakout. Continued bullish activity on a bearish trend can indicate an upcoming reversal, and with eyes turning on private energy to make the move towards renewable energy taking up a majority market share in American energy TAN is in a good spot to start 2017.

Sentiment --- BUY

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