24-04-2021 Support @ $80 Bias on bullish. Biden’s Plan To Create Over 10 Million Well-Paying Jobs With His Clean Energy Initiative
... for a .23/contract debit. Notes: In for 1.93/contract (See Post Below), out for .23; 1.70 ($170) profit per contract. Options have gone somewhat illiquid versus when I put this on, so am fine with not waiting another 28 days for the small remainder of extrinsic to piss out.
Good day starts with a good trade, folks🔥 There is a great formation. Ascending Triangle on TAN financial instrument. There was a confident bearish movement before th consolidation. According to Elliott Waves theory Wave D is done and now price is heading to Wave E. However price may break support zone earlier. That's why follow the chart and look for the...
... for a .27/contract debit. Notes: In for 2.31/contract (See Post Below), out for .27. 2.04 ($204) profit per contract. Was really thinking that I would have to take assignment, but this little bounce on zero day will do the trick. Still in some May 21st 70's.
Taking a look into the daily and weekly charts of $TAN. Additionally, I discuss a handful of index constituents. **Not Investment Advice**
TAN has pulled back significantly from it’s highs and may be ready for a rebound. A bounce off the 200 EMA and out of this pennant could result in a big run. Also using the golden pocket you can see this is a major area of supply
... for a 1.93/contract credit. Notes: High 30-day at 61.5%. Not as liquid as I would like. In any event, 2.84% ROC at max as a function of notional risk.
I'm doing a quick and dirty this week just to give me a sense of where premium is at ... . Highly Liquid Single Name With Earnings in the Rear View Ranked by 30-Day Implied Volatility: WKHS (27/232) (EV) TLRY (13/193) (Cannabis) NKLA (15/138) (EV) ACB (6/124) (Cannabis) SPCE (30/120) (Aerospace) PLUG (39/113) (Alternative Energy) NIO (41/107) (EV) TEVA (11/103)...
... 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.