In the trader tip video, Chris talks about the solar sector ETF TANs trade setup. TAN was one of the strongest sectors back in 2020 after the covid crash. We saw almost a 500% rally in this sector and since then it has sold off and a very big way.
Recently, TAN has been forming what looks to be a bottoming formation known as a double bottom. Based on this pattern, there are a lot of upside targets. One of the reasons why we are seeing the TAN sector do well is that it is clean energy and alternative energy to the high crude oil prices. As people continue to worry about high fuel costs, they begin to explore other energy and income solutions.
TO LEARN MORE ABOUT TAN trade setup – WATCH THE VIDEO
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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.