TAN Reversal Play
TAN LONG
TAN is an Invesco Solar ETF. Recently sold off probably from the JKS wave. Looks like it's reversing: morning star and dragon fly doji on the 1D. Holding orange support fairly well.
Optimal Entry
A hold of the support would be good. Don't enter any more than 73
PT 77.5
SL orange support
Contracts :pencil:
From riskiest to the least
11/6 75c
11/6 70/71c bull spread (no more than 0.5)
11/6 71/72p bull spread (no more less than -0.5)
11/13 69/73c bull spread (no more than 2)
11/20 70/75c bull spread
If this opens red don't enter that would be a terrible play. Close it when you see a decent profit because solar might have a bigger pull back.
TAN is an Invesco Solar ETF. Recently sold off probably from the JKS wave. Looks like it's reversing: morning star and dragon fly doji on the 1D. Holding orange support fairly well.
Optimal Entry
A hold of the support would be good. Don't enter any more than 73
PT 77.5
SL orange support
Contracts :pencil:
From riskiest to the least
11/6 75c
11/6 70/71c bull spread (no more than 0.5)
11/6 71/72p bull spread (no more less than -0.5)
11/13 69/73c bull spread (no more than 2)
11/20 70/75c bull spread
If this opens red don't enter that would be a terrible play. Close it when you see a decent profit because solar might have a bigger pull back.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.