Solar Ecplise:

The renewable energy group is a part of the technology sector and it has been one of the best behaved within. Over the last one month period, the space is higher by 3%, via the chart of the TAN below. The ETF is still 30% off most recent 52-week highs and since a bearish engulfing candle on 4/5 at the 200-day SMA, it has been rejected there 3 more times. On the positive side, it has found support 3 times at its rising 50-day SMA and has digested a strong 3-week winning streak the weeks ending between 5/20-6/13 that gained a combined 18%. JKS since February has made a series of higher highs and higher lows, not a typo, and on its WEEKLY chart could be forming a cup with handle in a pattern that began in October 2020. ENPH is right at a double bottom breakout pivot of 193 taken out on 6/2 jumping 9%. It continues to find support at its rising 50 and 200-day SMAs. I think one can admire the recent strength in the TAN and wait for a potential break above the bull flag.

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