Solar ETF (TAN); Double Bottom Breakout Confirmed

in #trading • 6 years ago

Yesterday's action in TAN, despite general market weakness, pushed price above the November high confirming a breakout from a double bottom formation. The relative strength in TAN vs the S&P 500 is notable as can be seen on the below, daily time frame chart.

Zooming out to the weekly time frame shows the relative weakness of TAN since it's inception could finally be coming to an end.

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Given this and my current bullish outlook as discussed here, here and here, this looks like a good sector to focus for long trades in individual names or even the ETF itself.

#stocks #money #investment #finance
6 years ago in #trading by
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