Long #TAN solar ETF short term
Good looking chart on the solar ETF #TAN. Clear trend lines, support and resistance.
Volume has slowed down on the downside finding support at the middle purple trend.
Resistance was found at the top of the channel at 88.35.
With increased volume and continued support id say were headed to restest above 88.35 at the squeeze.
Should we trend below the 83.24 level, id watch for 80.43 along the bottom trend line before stopping out.
Next point of interest would be 77.91
Volume has slowed down on the downside finding support at the middle purple trend.
Resistance was found at the top of the channel at 88.35.
With increased volume and continued support id say were headed to restest above 88.35 at the squeeze.
Should we trend below the 83.24 level, id watch for 80.43 along the bottom trend line before stopping out.
Next point of interest would be 77.91
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