Joined Nov 11, 2007
31,929 Blog Posts

Got Solar ?

“I love this chart

Below is a daily chart of the Guggenheim Solar ETF (TAN):

Source: Stockcharts.com

The chart encapsulates a long, steady decline that actually dates back to early 2011. The 50-day MA (blue line) more or less served as resistance during this protracted downtrend. Price bottomed last November at around $12 and has since more than doubled before the recent pullback.

So many bullish things in the chart, I don’t know where to start….”

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