"I think it all depends on your time frame. In the short-term time frame, the charts have shifted, and they're definitely in a downward pattern. With TAN in particular, I can see it falling as low as about $70," Shay said Friday.
It traded just below $90 by Friday's close and was up 3.5% in Monday's premarket at $92.76. Shay's downside target implies a 22% decline from Friday's close."In the next five to 10 years, this is an area that's going to continue to grow. For long-term investors looking for an entry place, I think it's a great spot to start looking," she said.
Craig Johnson, chief market technician at Piper Sandler, warns these stocks may be too overextended after their rally off the lows. The TAN ETF is up 322% since last March. "Only three times, going back over the last 30 years, have I seen the 26-week price momentum in some of our work get as high as it is right now. Once we've seen those sort of high levels, it's rolled over and the group has corrected for typically around three years before you find your next sustainable entry point," Johnson said during the same interview.
TradingNation WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
TradingNation Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 196% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
TradingNation JohnKerry plan not working
TradingNation Its not really a sine wave of solar stocks or sector health, now that people are post quarantine 2, motorist travel pushing petro recovery. There's an antagonist behavior betwn two energies thats trader created in own headline: timing. Traders create false flag crude resilience
TradingNation RelistXRP XRP xrpthestandard xrpcommmunity xrprelist
TradingNation trx tron does everything that Ethereum does, but there are two key differences. It's almost 0 fee unlike eth crazy gas fees + almost instant transaction. Don't believe me? Try it. $trx $tron Bitcoin btc cryptocurrency Crypto Zilliqa defi justinsuntron Tronfoundation
TradingNation 🤣🤣🤣🤣