Solar stocks were out favor last year, noting the Invesco Solar ETF lost nearly 27% in an extension of its long-term downtrend, which has been in place since early 2021. However, there are signs of stabilization in TAN from a technical perspective after two successful tests of last year's low near $41. The latest retest of support was associated with a counter-trend 'buy' signal from the DeMARK Indicators, which gave way to the current relief rally.
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