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followsuit7
Jul 1, 2023 1:59 PM

Solar ETF $TAN looks primed for a move higher.  Long

Invesco Solar ETFArca

Description

Solar stocks that make up the largest holding of Solar ETF AMEX:TAN all appear to be bouncing off of a support level after a very long and tight consolidation. Could be ready for a larger move over the next few months, but expecting a bounce to at least the larger resistance zone at around $75 in the next week or two. Noticed large volume on July $72.50 calls and August $75 calls, and have been in August 18th $75 calls since the bounce at support around $70
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