TAN diverging from $USO Since June 22nd trend continuing
Invesco Solar ETF ( AMEX:TAN ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $--B Current Price: $76.68 Breakout price: $78.20 Buy Zone (Top/Bottom Range): $71.60-$60.00 Price Target: $82.40-$83.90 (1st), $98.20-$101.00 (2nd) Estimated Duration to Target: 55-59d (1st), 200-216d (2nd) Contract of Interest: $TAN 8/19/22 80c, $TAN...
10th July 2022 Monthly chart we can see resistance turn support @ $51. Will commodities crude oil, natural gas all spiking up, we may see some greenside in the solar sector. First TP @ $100
TAN close to positive on the YTD. SPY -18% YTD OIL- +42% YTD
They have at their disposal the trend since 2008 as well as a key support zone and resistance. Thank you for your support, greetings. L.E.D in Spain as of 06/21/2022
DAQO New Energy Corp. ( NYSE:DQ ) Sector: Process Industries (Chemicals: Specialty) Market Capitalization: $4.296B Current Price: $58.44 Breakout price: $59.80 Buy Zone (Top/Bottom Range): $55.00-$35.85 Price Target: $79.60-$82.60 (1st), $129.00-$132.80 (2nd) Estimated Duration to Target: 210-218d (1st), 452-476d (2nd) Contract of Interest: $DQ 1/20/23 75c, $DQ...
ENPHASE 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...
TAN 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...
ENPH 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...
TAN has been attacking the 77.50 pivot since early March & this may break very soon. Failure to breakout 77.50 may need a retreat back to 68, the neck of a M-Gartley pattern. Recent energy crisis will again push the narrative for solar energy this 2022. Not investment advice.
Breakouts are coming, parabolic phase across the markets seem well setup as we are in a disbelief period. Get ready to fight inflation.
I believe we will be testing all time highs on TAN here as the solar industry continues to consume energy market cap and we accelerate into exponential growth in solar. Stay smart out there.
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...
Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $50 area in 2022 for a big swing stay updated.
LOOKING at all solar stock this morning it seems that they are ready to pop I am moving into calls in spwr fslr
ENPH 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...
... for a .15/contract debit. Comments: Plain Jane profit-taking here on approaching worthless. In for 1.19 on weakness and >35% implied (See Post Below); out here for .15/contract with 31 days to go in the contracts. 1.04 ($104) profit per contract. Implied isn't horrible here at 41.2%, but liquidity in the options has dropped off somewhat, and it isn't...