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TAN

TAN Don't BurnWe'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 of resistance. The Extreme Turn hybrid indicator identifies potential turning points that can lead to quick countertrend moves.
AMEX:TANShort
by TDGonTView
Weekly SPY chart, Did we close with a higher low?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 options flow for FANG and most were far out into 2021, which meant bearish, imo. I am just watching Solar (TAN, FSLR, SEDG) and EV stocks, as this is Joe Biden's play if he wins election. Election is Nov 3 at night, Trade safe!
AMEX:SPY
by hockeysniper
TAN: Huge topI 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 away). Oil itself flashed a long term short signal this week, so I like this idea a lot here. Best of luck, Ivan Labrie.
AMEX:TANShort
by IvanLabrie
TAN $45.83: Completes a monthly bull flag breakoutTAN extended the strong rally off the 31.77 low (January 20, 2015) to break above a 12-month falling channel (from March 2014 high), completing a bullish flag pattern on the monthly chart and triggering further gains towards 51.07 (March 7, 2015 high). Clearance above there would confirm a higher base and accelerate the uptrend towards 53.00 (50% retracement of the 93.40/12.60 fall) and then 62.53 (61.8% retracement). Near term, 42.18 (March 10, 2015 higher low) and the 200 day moving average currently at 38.42 are immediate support levels (not shown on the monthly chart).
AMEX:TANLong
by novvoll12
Solar sector catches some upside momentumSince the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at $42. So, it could be our point of potential support, then we have 8/21 EMA $40.60-$41.20 respectively. Previous low at $39.09. Target #1 $44.30ish. Some stocks from this sector that are showing strength: $FLSR, $SCTY, $SPWR, $TSL.
AMEX:TANLong
by andrew.berg