Thematic - Buy Solar ETF (TAN)
We wrote up TAN back on March 11 as a buy with a target of $28.50. The ETF is approaching that level, but we feel it will extend much higher. Stocks such as FSLR and SPWR have been on the short squeeze list for months, and remain so, which will add fuel to the upside as traders get squeezed. Our Money Flow Units model is indicating higher targets based on the weekly time frame.
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