We're taking profits in the Solar ETF ticker TAN following a rapid run from an Extreme Turn BUY on Dec 16. Aggressive traders might look at initiating a tactical short on the Extreme Turn SELL signal that triggered our exit. The two largest components of TAN are SEDG and ENPH that both have charts that not surprisingly look the same as TAN and are both into areas of resistance.
The Extreme Turn hybrid indicator identifies potential turning points that can lead to quick countertrend moves.
The Extreme Turn hybrid indicator identifies potential turning points that can lead to quick countertrend moves.