TAN Long

1 Feb 2017

TAN Using the Ichimoku cloud, we can see regular bullish activity in an overall bearish trend. Paired with a strong buy signal from the RSI dipping below 30. Long position was taken out at $17.77, with a stop loss of 7.32%

11 Feb 2017

Nota

Cloud entrance medium bullish signal on 2/10 closing at $17.19. Keep an eye on the upcoming 10 day long cloud, as this will be another opportunity for a cloud breakout. Continued bullish activity on a bearish trend can indicate an upcoming reversal, and with eyes turning on private energy to make the move towards renewable energy taking up a majority market share in American energy TAN is in a good spot to start 2017.

Sentiment --- BUY