TAN solar etf 55.50-77.50 range bound,may retrace to 68 mid/TL
TAN is now on a shortterm uptrend forming a channel just like ENPH in the post last week.
It may retrace to 68 to retest the lower channel just like ENPH did. 68 is also the neck of a previous M-pattern. It is also the middle of the current trading range of 55.50 to 77.50.
TAN still have a long way to go especially with the Biden Administration boosting solar energy to lessen the future dependency on oil.
Target prices are 90 & 100 & the all-time-high at 125.
Not trading advice
It may retrace to 68 to retest the lower channel just like ENPH did. 68 is also the neck of a previous M-pattern. It is also the middle of the current trading range of 55.50 to 77.50.
TAN still have a long way to go especially with the Biden Administration boosting solar energy to lessen the future dependency on oil.
Target prices are 90 & 100 & the all-time-high at 125.
Not trading advice