TAN for the 3rd time made a diamond reversal pattern near the base of an upchannel. However, diamond pattern may also be a continuation down pattern possibly for a retest of 68. TAN also had a big red wedge fro 126 2021 ATH & is now retesting this wedge falling below weekly wma50. BULLISH BIAS: There is a strong chance this channel will be recovered considering...
$RUN - Technology | Solar broke out of a descending wedge during its most recent earnings report (QoQ growth in EPS and Sales) on high volume. the past days of resilience in its price action tells alot of its strength in this market. already at RS high before price
First Solar, Inc. ( NASDAQ:FSLR ) Sector: Electronic Technology (Semiconductors) Current Price: $135.82 Breakout price trigger: $138.40 Buy Zone (Top/Bottom Range): $131.00-$122.00 Price Target: $144.00-$145.90 Estimated Duration to Target: 40-43d Contract of Interest: $FSLR 10/21/22 150c Trade price as of publish date: $4.60/contract
Enphase Energy, Inc. ( NASDAQ:ENPH ) Sector: Electronic Technology (Semiconductors) Current Price: $305.70 Breakout price trigger: $309.30 Buy Zone (Top/Bottom Range): $296.25-$264.35 Price Target: $419.30-$446.00 Estimated Duration to Target: 223-230d Contract of Interest: $ENPH 2/17/23 340c Trade price as of publish date: $40.50/contract
RUN ready to breakout of stage 1. Part of the solar group leading the market. See TAN etf ready to break out.
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
TAN solar etf together with its main component ENPHASE energy has been on a tear lately. ENPH made a W-pattern in 2021 & is again repeating it this 2022. It currently made a double top at 283 but shows no sign of rejection yet. If it retraces then the W=neck at 222 will be retested. But if it breaks above 328, then the Fib 1.272 at 328 will be the next target. Not...
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.
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
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...