... for a 2.31/contract credit. Notes: High 30-day at 63.7%. Going with the 17 delta strike in April. 2.79% ROC at max; 22.6% annualized as a function of notional risk. Will take profit on approaching worthless or take assignment/sell call against or roll if in-the-money toward expiry (whichever pays most).
Large head and shoulders, broke down out of ascending wedge. There may be better solar names to go long on. Enphase being the obvious one.
!22 breakout on TAN. This is bull flagging at highs. If you have an intrest in the solar industry this name may be a good trade. The risk reward is pretty great with a stop loss under 118.
TAN appears to be READY to bounce higher, or first dip SLIGHTLY lower to SUPPORT (at 103) then move HIGHER Monitor price action
This post intends to explain the fundamental analysis of why an ETF like TAN is a great investment for the future. First we start to produce energy with wood, followed with coal that has great energy density but produces lots of pollutants, then we started to use oil, and since then we have become addicted to oil, but this addiction is not sustainable for the...
We're taking profits in the Solar ETF ticker TAN following a rapid run from an Extreme Turn BUY on Dec 16. Aggressive traders might look at initiating a tactical short on the Extreme Turn SELL signal that triggered our exit. The two largest components of TAN are SEDG and ENPH that both have charts that not surprisingly look the same as TAN and are both into areas...
If you had a rough week or 2, you are not the only trader! The weekly chart confirmed a double top, then we backtested 320, which is a level of support from June 2020. 326.55 needs to hold, so we have a higher low on weekly timeframe. Daily timeframe, I was looking for a cup and handle, but the handle failed after FANG reported ER's Oct 28th. I was following my...
I think we are seeing a massive top in many stocks, solar looks specially vulnerable and it's one of the sectors I'm short of. If it doesn't break over today's high going forward chances are it is dropping all the way back down...We would need a Biden victory, or a tax law change for this to come to pass though (oil dropping would also help, or subsidies going...
It looks like TAN the solar ETF is ready to break to new highs. Very bullish. The solar sector has been very lucrative lately. IF TAN breaks above the horizontal red line indicated by the previous high it should find traction. The price is currently above all the supporting averages. Volume is building.
Trend line broken. exit line broken so there will be plenty of people taking $ off the table for now. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Waiting for a pullback to 65 before entering seems reasonable
Wind energy finished slightly lower relative to Solar this week. Interesting relationship, both industries had very strong weeks. TAN +6.04% FAN +6.29%
- Appears to be bullish trend from the 200 and 50 avgs, 50 is getting closer to crossing. - May be good buy soon waiting for proof of resistance Any ideas or comments?
The solar sector looks like its consolidating, kind of a cup & handle, if this level holds im going long $SPWR. Target for TAN if it holes 26.04. A save haven from $SPX.
I believe there is trading potential here. I have highlighted the approx entry and exit of the first trade. After that I am going to watch and see what happens. If it can break resistance than it does have room to run. However, it has rejected from this level four times; so I am going to play it short if it rejects again. Happy trading, Charles
Well it is late and this probably isn't my clearest chart, but I think you'll get the point. Tan has responded well to patterns and support/resistance lines, so I am watching to see if the signs of a pullback play out. If it loses support then it should have room to move to the downside. There may be a few good plays that develop from this, but if it becomes...
Simple strategy - buy at or below the green line, near the highs, on pullback. $FSLR $TAN