TAN – Invesco Solar ETF

DAILY CHART

Context Technical Analysis

Since early April, TAN is moving in a bullish channel – the green lines.

The price is currently trending above its rising 10- 20- and 50-day moving averages.

Finally, the price broke above the resistance line, the orange line. .

Relative Strength

The Relative Strength of ITB has been moving up and above its 20-day moving average since late April.

WEEKLY CHART

Higher Time Frame

From TAN's weekly chart below, we can see:

· The ETF is moving up and above its 10- 20 and 50-week moving average

· TAN broke above the resistance line – the orange line

· From the Relative Strength chart, we can see that TAN outperforms.

Money Management Guidelines

Suggested Buy:36

Suggested Sell: 33

Suggested Trade Size: 330

Our Money Management Guidelines are based on the assumption that our capital is USD 100000 and we allow a 1% loss of capital per trade.