Wind Energy ETF (FAN) Weekly Chart
- As predicted here last week, I stated,
"FAN broke out of a strong basing pattern on HUGE volume, showing strong accumulation, and seems to be moving towards resistance in the $12.50 area."
- This week nothing is different. FAN has opened Monday by shooting up 2.5%. It's too late to chase this one now, but I will be a buyer on any orderly pullback near the $11 dollar area.
- I hope you didn't make the same mistake as me and caught this one before it exploded.