TAN (Solar) Taking off?I bought TAN etf @ $66....looks to be breaking out in a wave 3 long position. Next Stop $80.....
TAN trade ideas
TAN to BO 77.50 soon or a retest of M-Gartley Neck @68 ?TAN has been attacking the 77.50 pivot since early March & this may break very soon.
Failure to breakout 77.50 may need a retreat back to 68, the neck of a M-Gartley pattern.
Recent energy crisis will again push the narrative for solar energy this 2022.
Not investment advice.
How can you not be bullish free energy?Breakouts are coming, parabolic phase across the markets seem well setup as we are in a disbelief period. Get ready to fight inflation.
TAN lookin like a significant opportunity. I believe we will be testing all time highs on TAN here as the solar industry continues to consume energy market cap and we accelerate into exponential growth in solar. Stay smart out there.
TAN breaking out to start new leg upBreaking out of the base and re-testing level from August 2020. Looks like a bullish pattern and increasing oil prices will give further boost to this sector.
TAN might be in a buying zone soonBy using the EW tool, we find TAN to be near a possible buying point.
On the other hand, RSI is in the oversold zone
This is not financial advice.
TAN solar ETF: an M-pattern in the making3 different scenarios for TAN:
1) It will make a double bottom at current level of 70 (also around ma100 Weekly
2) It will fall more & institutional buyers will appear start accumulating at ma200 area w/c is around 60.
3)There will will a fake-out below ma200 stopping at 50 support zone with positive divergence.
BTW, 60 is my best bet because:
1) the 60 zone happens to be near ma200 Weekly
2) It is a 0.854 FIBONACCI retracement, the last chance to reverse.
3) it is the 61.8% FIBO retracement from the start of M-pattern at 21 to the peak at 126
With any scenario, wave 3 have to continue coz solar will be bullish in 2022.
This is not financial advice. Pls also do & share your analysis. It may help other beginners like me.
Alternative bat?Not quite to the 1.113 which could be an alternative Bat pattern/is very close to the 1.113.
No recommendation
An alternative bat pulls to the 1.113 on final leg. The bat pulls to the .886.
The bat can look like a double top.
TAN Renewable Energy ETF Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $50 area in 2022 for a big swing stay updated.
TAN Solar ETF may finally reverse soonAfter a long correction, TAN may reverse to uptrend 2022.
With the recent divergence, it may take a short while before
TAN breaks the 81 Pivot & the MA ribbons w/c also is near the MA50 line.
Heiden Aishi candles starting to shoe greens in this 4H chart.
Although Money Flow Index is still red, it is also slowly turning up together
With Stoichastic Rsi.
There will be consolidation below 81 before breaking 81 with higher high & higher low.
Falling Wedge- Bullish - UpdateTAN along with the solar sector starting to catch my eye here- Holding a big symmetrical triangle with a falling wedge at the end (See Attached Chart Below). Undoubtably a longer-term play, however, solar's price action tends to be quite cyclical so will certainly be looking for a breakout from this triangle and wedge (broader market conditions permitting)- Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish
- Symmetrical Triangle
- Bullish Hidden Divergence on the RSI
- Bollinger bands squeezing on the hourly timeframe (See Attached Chart Below)
- MACD Golden Cross & bullish divergence on the RSI on the hourly timeframe (See Attached Chart Below)
- Falling wedge on the daily, 4-hour, and hourly timeframes (See Attached Charts Below)
PT1- $83.93
PT2- $84.87
PT3- $85.17
PT4- $86.15
--Hourly--
--4-Hour--
--Daily--
--Previously Charted--
Waiting DEalThis ETF performs well on the return to the long zone. Closure above the level of 91.33 - entry into the deal. Target: 107.5. ( Upside 17.8%).
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Solar - Lights Out The solar ETF TAN recently printed a weekly inverse trampoline.
Dropping to the hrly, we see Moxie drop below 0 line, creating
2 subsequent inverse tramps as potential "timing" vehicles
for the larger weekly one. Each individual may have their own
"timing" related indicators they prefer. This example simply
shows when both time frames are in concert with inverse tramps.
Once this occurs, then an individual can pick their poison as
to exactly how entry is to be made.
Hope you find this to be of benefit.
Buy $TAN - NRPicks 01 OctThe investment seeks to track the investment results of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities comprising the index. It is designed to track the global solar energy equity sector.
TAN - Getting Ready for next Big Breakout TAN Solar ETF has been on upside momentum for a while. You could clearly see it had a channel breakout first, and then breakout the strong resistance line and now consolidating side ways for last 1 week or more, testing the next resistance levels. Weekly charts also shows that the buying demand is high and bulls are in control. Getting ready for next breakout. Targets 107.25, 113.20, 125.05, ATH. Can't give exact timelines, as markets are floating with light volumes getting into Holiday Season.
TANExpecting a bullish continuation in solar this week off of climate bill sentiment. SEDG is set to report earnings on Nov 2nd. ENPH had a spectacular earnings and record revenue despite supply chain headwinds, and reported that market demand for solar was unusually strong. IF SEDG was able to adapt to supply chain headwinds during Q3, we should see another strong earnings.
Closing (IRA): TAN November 19th 70 Short Puts... for a .15/contract debit.
Comments: Plain Jane profit-taking here on approaching worthless. In for 1.19 on weakness and >35% implied (See Post Below); out here for .15/contract with 31 days to go in the contracts. 1.04 ($104) profit per contract. Implied isn't horrible here at 41.2%, but liquidity in the options has dropped off somewhat, and it isn't exactly "weak" anymore.
$TAN symmetrical triangle Forgotten sector, readying for an explosive EOY and '22.
Grab cheap leaps.
100c 4/22
125c 1/23 if bullish
Opening (IRA): TAN November 19th 70 Short Put... for 1.19/contract.
Comments: One of the higher-30 day implied (39.4%) exchange-traded funds on my screener that I currently don't have a position in.
Potential Solar ETF Breakout As the solar energy craze began to wain off , It has returned as leaders reunited in New York to discuss the future of clean energy, with that being said this solar ETF has the potential to breakout. If the breakout does indeed occur my price target goal would be in the 90 - 95 range in the upcoming weeks.
