Wind Energy ETF FAN – Bullish Price Action
In today’s Trader Tip Video, Chris Vermeulen of TheTechnicalTraders.com talks about the Wind Energy ETF FAN. We’ve seen UK Prime Minister Borris Johnson talking to other leaders about nuclear energy and the wind energy industry as a result of the issues with Russia. Clean energy starts to look very attractive as oil prices continue to climb.
FAN has a pretty bullish price action, a pennant formation, and a pretty good upside potential. Using Fibonacci extensions, we are looking at potentially a 2% gain in the next trading sessions.
Video Length: 00:02:32
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