Lower energy prices may be making solar less competitive and putting pressure on solar-related stocks. The chart shows the Solar Energy ETF (TAN) breaking down in Sep-Oct, consolidating with a triangle and breaking triangle support with a sharp two-day decline. This break signals a continuation of the prior decline and targets a move to new lows. The indicator window shows MACD in negative territory and moving back below its signal line.
Click this image for a live chart.
