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dorfmanmaster

Solar Energy descending-triangle Breakout

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Invesco Solar ETF (AMEX:TAN)  
dorfmanmaster  
AMEX:TAN   Invesco Solar ETF
Trend Analysis Chart Patterns Technical Indicators solar cleanenergy ENPH FSLR SEDG RUN Descending Triangle breakout Divergence
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trendanalysis chartpattern indicator solar cleanenergy enph fslr sedg run descendingtriangle breakout divergence
Solar energy ETF is currently breaking out of a descending triangle.

There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target.


MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for this breakout to hold.
The MACD histogram has also been positive for the divergence period.


Volume still needs to improve.




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