$TAN Solar Starting to Shine?

26 thg 5

TAN ETF looks like it has started a nice move. I got in on this one May 9th as it broke above the downtrend line for the second time since the gap up May 3rd. It came close to stopping me out on May 21st, but it held above my stop. I was rewarded on May 22nd with a massive volume surge, due in part by the big move on FSLR. It looks to me to be at an area that may prove to be resistance. I am expecting some consolidation here (just because I expect it, doesn’t mean it will happen). If it can consolidate a bit and then break above that area, I will look to add to this position. I have a two-thirds size now. I think it can run to the $54 area from here. All TBD.

The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

30 thg 5

Ghi chú

TAN Making progress here. I have not added to my position yet as the market as a whole is choppy. If the market improves I will look to add. All TBD.