TAN Solar Etf Breakout ready. Since market is better perhaps we will see a nice breakout. Solar is Leading market group.
TAN - Invesco Solar & Wind energy ETF has a small head & shoulders formation. Price closed Friday approx at $80.00 neckline. 1st downside objective to fill gap $77.29. Top 3 stocks in TAN ETF: $ENPH $SEDG $FSLR
Hey all, I've long been following solar stocks as they've behaved very strangely and interestingly since the pandemic- it had an incredible markup phase that more than pumped solar stock valuations, and has yet to correct. Considering what is happening right now on its chart, I suspect that it is breaking down from distribution and preparing to head lower...
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big down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength. TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
$ENPH $SEDG $FSLR all have nice setups. Also Biden is going to make some executive decisions on climate change so these names might get some momentum. Hard to find a bearish setup in solar sector.
Past 30 days $TAN +3% $USO -20% Solar Strength Continuing
Past 30 days $TAN +3% $USO -20% trend is continuing
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
I wanted to hop in the latest TradingView contest and present my pair trade idea. This chart shows XLE vs. TAN. XLE is the mostly oil ETF while TAN is the mostly solar ETF. I think the recent spike in oil made perfect sense because of the supply disruptions, but I have also been following green energy for years now and the simple reality is that the...
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
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...
TAN Divergence on both MACG and Slow Stochastics. Bear market rally unless confirmed. TAN strength backed by Group strength.
I bought TAN etf @ $66....looks to be breaking out in a wave 3 long position. Next Stop $80.....
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.