TAN Using the Ichimoku cloud, we can see regular bullish activity in an overall bearish trend. Paired with a strong buy signal from the RSI dipping below 30. Long position was taken out at $17.77, with a stop loss of 7.32%Note
Cloud entrance medium bullish signal on 2/10 closing at $17.19. Keep an eye on the upcoming 10 day long cloud, as this will be another opportunity for a cloud breakout. Continued bullish activity on a bearish trend can indicate an upcoming reversal, and with eyes turning on private energy to make the move towards renewable energy taking up a majority market share in American energy TAN is in a good spot to start 2017.Sentiment --- BUY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.