When [[FSLR]], the leader of solar, hits $200, it’s time to take notice. We can view the overall group by looking at the ETF that tracks the group, [[TAN]]:
Looking at the above chart, I notice a nice bullish inverse head and shoulders pattern that is bumping up against resistance.
We have a few things to watch that could possibly fuel a move pass resistance: Higher oil, Obama’s green plan, and possibly good earnings from [[LDK]] tomorrow.
After the day solar had today, I will be monitoring the sector closely.
My Favorite Plays:
- [[JASO]]
- [[CSIQ]]
- [[SPWRA]]
- [[TSL]]
- [[YGE]]
- [[LDK]]
- [[ENER]]
Disclaimer: I own JASO & call options in LDK
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isnt the neckline suppose to be establish inbetween the shoulders? thats a resistance line but nothing more. could be a good buy if goes above but i dont think it will.
looks market going to be down 2marow……if TAN up i will get in
You are correct Josh, it is simply a line of resistance.
probably will retest this line as oil makes its highs for the next five months or so
I made 30%or so on that JASO. All out at 3.78
Fuck this, I got to believe these shits go down again, however who am I to tell RC what is what. haha
regards
chuck
TAN= #3 ETF in PPT
Is LDK still worth a shot after this drop this morning?
i just bought some near 8.50, double bottom intraday, it should run up the rest of the day with earnings AH. (daytrade)
Out of LDK (daytrade) @ 9.40 for an easy buck.
still holding my options
Made a nice day trade on the calls today. RC nice call on the rally this afternoon. Glad I closed out before the close though…