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TAN

ENPH holds better than TAN;if mid165 fails, 120 will be retestedENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from recent highs & recent bottoms. If it holds 165, then 220 will be retested. BEARISH CASE: If this midzone is lost, then a retest of 120 will be next or even a double bottom sometimes in 3Q2022 to create a divergence. Not trading advice
NASDAQ:ENPH
by xtremerider8
TAN solar etf 55.50-77.50 range bound,may retrace to 68 mid/TLTAN is now on a shortterm uptrend forming a channel just like ENPH in the post last week. It may retrace to 68 to retest the lower channel just like ENPH did. 68 is also the neck of a previous M-pattern. It is also the middle of the current trading range of 55.50 to 77.50. TAN still have a long way to go especially with the Biden Administration boosting solar energy to lessen the future dependency on oil. Target prices are 90 & 100 & the all-time-high at 125. Not trading advice
AMEX:TANLong
by xtremerider8
ENPHase W-pattern may reach 328 for wave 5 if 200 holdsENPH is the strongest component of the TAN solar ETF. Just like the biotech sector, it has started to gain ground after a long hammer candle at the week of May 9,2022. Since then it bounced with 4 consecutive green weekly candles from 165, the middle of a big trading range since 2021 (110-210). BULLISH CASE: ENPH is now at 210 the top of the range. It may retrace back down & retest the 165 midpoint or the VWAPs before a rally to again BO the 200 to 210 red zone with 328 as the destination of its wave V. This assumes that wave IV is a running flat & the 5-wave wave V is underway. It is now at the wave 3 of a bigger wave V. BEARISH CASE got hammered when ENPH bounce above all my VWAPs & is now attempting to breakout the 200-210 red zone. Not trading advice
NASDAQ:ENPHLong
by xtremerider8
1
$JKS Head & Shoulders - Downside Incoming?Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here and consolidate 'til then. However - the setup is here, and I don't want to miss it I don't really want to see price back above $41. In fact, ideal situation tomorrow is that we get a little upwards move on the market early in the day, and I can find an good entry for a put position whilst price is above $40, with $41 as the stop. If price needs to consolidate and range a little whilst the Market digests this week's upcoming big earnings, then above $41 I don't wanna be involved in the decision making, and would rather take the trade on the breakdown rather than in anticipation if that ends up being the case. I'm going to be going for March expiry , and I'm going to be going ITM for the main swing position. If we get clear breakdown below $39.00 with conviction then I might day trade weeklies simultaneously and just zone in on $JKS all week. I'd like the flexibility of letting the swing position run and breathe (whilst trend remains) and trying to take scalps/day trades on weeklies. I've recently had great initial put entries on MTTR, FCEL, and back a little while longer ago on BNED - and each time I didn't show enough patience to hold my puts through long enough and I didn't capitalise nearly as much as I should have on these massive downward runs No distinct concrete target, but I'd like at least $36.00 and even down to $32.00 I don't think is out of realm of possibility. I think anywhere below that we'll have to be on alert for a bounce around $30 region. But we'll play it as it comes. Hoping to nail this one. But willing to be wrong . Will add to this post tomorrow if I take an entry, with what I bought, when I bought, and for what price. *this is not Financial Advice, and is merely my opinion and idea*
NYSE:JKSShort
by llbtrader5
6
Favorite Solar Stock: ENPH looks ready to goENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%. Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again. I want to be long the strongest solar name. When you take a quick look at ENPH vs TAN, you'll see it broke out in June after consolidating for over a year against TAN. ENPH bounced off the 50 week moving average and now building well on the shorter time frame (daily and 4hr) giving me the signal to get long this today and add into it this week.
NASDAQ:ENPHLong
by Lanmar
4