TAN Monthly ForecastLongterm position taken in TAN solar ETF. Immediate structural resistance near 47. Major resistance at 50-618 fib extension from ATH. Any break and close of Hagopian line will threaten longer term count.Longby AvenueWorkUpdated 3327
$TAN Solar Starting to Shine?AMEX: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. Longby jaxdogUpdated 0
Solar ETF $TANTrend showing a possible bottom entry with overhead resistance after a long downturn Longby Meechum_stocktwits0
Solar stocks follow energy prices (crude oil).Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when economy does good. But energy sector performs well during good economy, whilst everything else is falling (Tech). Peak tech means bottom for energy? I think these are good hedge plays, if you believe rising oil or yields pose risk. Recently Chinese gov asked Jack Ma to return because their financial markets did poorly. There could be a sentiment shift, where indicator will be NYSE:BABA performance. People might still have an old bias?Longby citsvarUpdated 0
The Invesco Solar Etf TAN based on the Global Solar Energy IndexThe Invesco Solar ETF is based on the MAC Global Solar Energy Index (Index). The Index is comprised of companies in the solar energy industry. Wall Street investors have only short-sold the future of the planet! They have shorted all the players that could be a solution to climate change (personal opinion). With the upcoming U.S. presidential elections, I expect that new financial promises will be put forward, and this ETF will regain strength. TAN etf, ASSETS UNDER MANAGEMENT $1.32B ICLN etf, ASSETS UNDER MANAGEMENT$2.54B TAN: Enphase, First Solar, SolarEdge, Sunrun, GCL Tech, Xinyi, Hannon Armstrong, Array, ... ICLN: First Solar, Vestas, Enphase, China Yangtze, Orste, EDP Portugal, SolarEdge, Suzlon, ...Longby Maximus200001
$TAN Up 17% in 2 Days!Who says you cannot make big returns on ETF's? AMEX:TAN the Solar Sector ETF Is on fire. It looks like rotation back into the beaten-up sector. Names Like NASDAQ:FSLR and NASDAQ:ENPH up even more. Rather than take the risk on an individual name I have opened a ¼ sized position in this ETF. I will be looking to bring this up to a full-sized position on any consolidation. This ETF has institutional accumulation volume going back over a month. It has regained all MAs except for the 40 Week MA in white. All shorter-term MA’s, including the 50 Day Moving Averages are turning up. My stop is set below yesterday’s low and the horizontal line of support / resistance. Ideas not investing / trading advice. Comments always welcome. Thanks for looking. Longby jaxdog1
Solar recovery? The renewable energy sector has not had a good year because of rising interest rates. Most of the companies are debt-financed with thin revenues but they offer significant future value as companies and households turn to a sustainable source of energy. If the first rate cut is announced mid 2024, clean/renewable energy companies and ETFs will have a stable recovery moving forward. We have just added the ETF to our portfolio after a significant sell-off year to date. The volume spike in November is a good indicator that the ETF possibly bottomed out. If not, another sell-off will not be as aggressive, and looking at accumulating for the long haul. Longby Candles2540
25-30% more downside for renewables: inflation is kryptonite2024 could be another terrible year for renewables. Renewable stocks have done terribly since inflation picked up. With high rates and therefore high costs of capital, renewables projects "with the promise of zero-to-no OpEx" are facing CapEx rates that are having companies and individuals pull out of renewables commitments one after the other.Shortby HandsomeSloth0
TAN going higher?Double bottom after pullback and ready to continue going higher?Longby SummitsTradingUpdated 221
Tan PutBuy Aug-18-23 62 Puts @ 0.95 Limit to Open Has good downside momentum, potential to bounce though.Shortby emperius0
Solar ETF $TAN looks primed for a move higher. Solar stocks that make up the largest holding of Solar ETF AMEX:TAN all appear to be bouncing off of a support level after a very long and tight consolidation. Could be ready for a larger move over the next few months, but expecting a bounce to at least the larger resistance zone at around $75 in the next week or two. Noticed large volume on July $72.50 calls and August $75 calls, and have been in August 18th $75 calls since the bounce at support around $70Longby followsuit71
SOLAR (TAN) Macro TAObservations A triangle continuation pattern seems to have formed over the last few years RSI 50 (1M) seem to be acting as resistance My guess is that if 50 if RSI dips below 50%, price will drop as significantly. _If_ price action keeps RSI > 50, then the continuation patter would likely play out.by b6d1016fdeb149be865b678a8ac9351
$TAN: Solar names primed for a move upIf the ETF crosses the $84.03 mark during next week a huge rally can take place, daily charts are already bullish for a few days, I got into a position in $FSLR, $ENPH and $RUN recently, but might add an ETF position in $TAN as well if the weekly signal outlined here triggers. Note that price crossed over the entire post COVID low till today Volume Profile POC here, which is an interesting technical variable, as it becomes easier to trigger a longer term trend signal as well if it gains traction next. Best of luck! Cheers, Ivan Labrie.Longby IvanLabrieUpdated 2
Strong support trend line + Bullish "Flag" | 20% move possible1. "Flag (Bullish)" chart pattern formed on Invesco Solar ETF (TAN:NYSE). This bullish signal indicates that the stock price may rise from the close of $75.80 to the range of $92.00 - $94.00. The pattern formed over 9 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price seems to be resuming a sharp rally after taking a brief pause. A bullish Flag pattern occurs during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping downward against the prevailing uptrend, and is confirmed when the price breaks through the upper boundary to resume the rise. 2. The price came to strong support line and has been closed above that line. Target 1: $84 Target 2: $92 Longby moneytalkstome2
Solar directionalsOrange directionals : Fast recovery to the upside, top out earlier than other possible directionals. The drawback is a risk of longer term decline. At the end, the challenge to the bottom middle blue line might occur here. Increased volatility is due to the distance between top and bottom. Blue directionals : Correction continues to the downside and bring solar stocks back into stable range. The drawback is a reduced ATR. The big positive will be that Solar stocks remains in range upwards that will grow for years. This will allow individual solar companies to compete on a level playing field. Yellow directionals : Solar companies have enough cash on hand and will put the capital to work. The expectation is to keep cost basis about 72.50 for the average investor in order to give investors a chance to reduce their cost basis by mid-summer, or hold the stocks. Caution : The arrows are approximately drawn for education/illustration purpose, and does not mean the prices will arrive at their ends precisely where they are drawn. All arrows may get to their targets early or break to the further upside, or decline to the downside extensively.by TrustThePhi1
CCI, ADX, Pivot Point StrategyUsing Tan as an example, we see how we can identify periods of Accumulation and Distribution for the solar industry. My custom ADX, CCI strategy gives signs of accumulation, over buying and over selling. I've marked those points on the chart. Presently signs of uncertainty in both directions as the range sets lower highs and higher lows. This is a sign of uncertainty surrounding regulations and the future of climate change. As I mentioned I use a custom setup but check out the Investopedia on how to use the CCI. Matching the CCI with the Pivot Points High Low should yield great results. Set your Pivot Points High Low to 14/14 for the daily charts. I do believe there is a bit more downside to the trendline support there for the Solar Industry, will update you after to see what happens. Not recommending a short here, but I do recommend watching to see if some support is found in the short term, or potentially a break out of the bottom end of the range. Confirmation is needed before taking any actions.by D1Finance2
TAN - bullish breakout imminentLooks to me like this downward trendline will be broken and price will see a significant move higher. Judging from Monthly chart, it will not just be to the upper 90's target area, but eventually higher, possibly 125.Longby simplenothing0
TAN Diamond pattern: 68 retest or 92 BO to confirm wave 3 0f 5TAN 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 the last 2 strong reversals after beartrap below channel base. If TAN finally breaks above 92 in the next 2 weeks, making a higher high, this will confirm a continuation of wave 3 of 5. BEARISH CASE: last 2 weekly candles show long tails pushing prices downward. This may lead to a diamond continuation down pattern to retest 68 (the May 2021 M-pattern neck) or even the 56 June low (previous double bottoms with strong bounce), next 2 very strong supports. Not trading advice.Longby xtremerider80
Solar panels etf green energy versus silver rocket!So the idea is based on a paired trade or what I think of as a hedged trade. Paired in that I am buying two things that I think may be correlated but both will not necessarily do well. If one does well the other may not do well and vice versa. My idea is to buy this solar energy etf as a hedge against all of the silver mining companies that I have perhaps foolishly invested in thinking that silver would go up one day! If I am wrong and silver remains depressed and even collapses further due to recessionary fears even a major depression perhaps, who knows. Anyway, if this turns bullish straight away which I do not expect but could happen then if we go over 130 on OBV and then find support there then I think go long there at least until proven otherwise. Otherwise look for support on OBV at 46 and if not there then 7.9 OBV. Worst case scenario if the world turns to custard, then it has to stop somewhere around -17.86. I would round it to -18 myself. On RSI we need to find support at 46, or 45, or 44. It may look like I am being indecisive but that is just where there is possible support levels. Below there on RSI there may be support at 39 and 36. We really need to break out of the downwards trending channel. I think breaking horizontal resistance will be more meaningful than breaking the trend lines of the channel. I think there is a very interesting looking triangle pattern that looks like it will break before 2025 or around that time at the latest. This then is my way of hedging my silver investments. Considering that silver is major component of solar panels and that if the price of silver goes down that has to be bullish for solar panel companies surely! Personally, I think that silver is hard to mine and is not that easy to find but with 70-80% of silver mined as a byproduct of other mining for base metals as well as precious metals then perhaps if there is a general boom in mining for green transition materials in particular funded by fiscal spending by governments buying votes through the green agenda then who knows it might work. Plus, if climate change is real and this is our do or die moment as a species it could all pan out. There's no alternative really. In terms of geopolitical events this could be a great hedge as well. If China and US have a war over Taiwan, then any investments in China could go down the tubes but once resolved then it would go back up maybe. China produces most of the solar panels in the world or at the least a high percentage. The main holdings in this etf many have Chinese names, so I am assuming that they are in China and probably in central Asia as well. Another thing that could be bullish is that volume is falling as price falls. It has based for a long period of time and there is potentially a cup and handle formation in the basing pattern as well. The fibonacci extensions are interesting as well. It found support at exactly the right place. It could be a bull flag. Longby kylesutherlandsmith450
$TAN #Solar ETF setting up perfectly$TAN #1 group #solar #ETF is setting up very nicely. I'll let the chart speak to itself. For new followers, you need to read the books in my pinned tweet to understand my process and how I do things on this feed.Longby TaPlot7
TAN Solar Etf Breakout readyTAN Solar Etf Breakout ready. Since market is better perhaps we will see a nice breakout. Solar is Leading market group.Longby mac274112
TAN - Solar ETF H&STAN - 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 $FSLRby arcarays0
Down with solarHey all, I've long been following solar stocks as they've behaved very strangely and interestingly since the pandemic- it had an incredible markup phase that more than pumped solar stock valuations, and has yet to correct. Considering what is happening right now on its chart, I suspect that it is breaking down from distribution and preparing to head lower through year-end. Also, if you merely look to the left, solar stocks have a history of having violent falls from grace I think this thing breaks its 52W lows. Moreover, names within the sector look primed for violent moves down. Shortby MichaelEugen1220