Editor’s Note: Bitcoin’s rise to $50K took over headlines this week – and it’s a rise that Tom Gentile predicted. Tom has all the tools you need to double, triple, potentially quadruple your money in the crypto market. Learn how you can take advantage right here.
This week, the Invesco Solar ETF (TAN) dropped 15% from $125 per share to about $105, leaving investors wondering if the solar trade is done.
If it were any other sector this would be concerning. But for the clean energy sector, this pullback reinforces a very strong, very lucrative trend.
We’ve seen this sort of price drop happen three times since January. These 15% pullbacks have been fast and volatile, taking just five days to move from peak to bottom.
But every time this happened, a bull rally immediately followed.
For example, the TAN started the year on a supercharged rally with many of its component companies posting 100%-plus returns in the first two months of trading.
We’re entering a short window of opportunity to take advantage of this consistent pattern for fast profits.
Not only is the government’s next stimulus package focused on clean energy, my charts show me that we’re about to enter another rapid-profit cycle.
This powerful combination is giving us an amazing opportunity.
In fact, there are seven stocks that could give us 50% or more profits in less than a month.
Looking back further, ever since Election Day, TAN shares have been returning almost 100% at its highs while experiencing seven 10% percent corrections.
To put that into perspective, the S&P 500 hasn’t seen a single 5% correction in the same period. But these corrections are healthy ones, and I look forward to them because although each of those corrections in the TAN happened rapidly and aggressively, each provided an opportunity to buy this growing sector of the market as more and more money migrates to it.
But there’s another reason for us to tighten our grip and start looking for opportunities to buy this dip. Namely, the trend.
As a result of its latest gyration, TAN shares are now testing their 50-day moving average. This trendline is in an ascending pattern, which means that “the trend is your friend” in the solar sector.
The TAN entered its recent bull market run in May 2020 as the 50-day moving average finally broke into a bullish trend. Since then, the shares have tested the support of this trendline only twice – a sign that investors and speculators have been eager to buy the dips whenever they can – both times resulting in a renewed short-term bull run that yielded 50% profits in less than a month’s time.
Bottom line here: They always say that the hardest time to buy is when everyone is selling. The sellers have been out in force on these stocks and the charts – and my watchlist – are telling us that the opportunity window to add exposure to the alternative energy sector is starting to open now.
Let’s take a look at my watchlist so that you can put together your plan to grab these deals before they’re gone…
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This name isn’t on my watchlist, but it’s one you should definitely keep an eye on: Augur.
No, it’s not a stock – it’s actually a cryptocurrency. That’s right, Bitcoin isn’t the only crypto that’s shooting through the roof.
While BTC currently runs for over $50K a pop, Augur is only about $33, making owning an entire coin much more feasible. But $33 is a lot for Augur – back in November, this coin was just $11.
That’s a 200% gain in three months, and it’s a pop that one group of readers already made money on. Based on cryptocurrency trade recommendations from the crypto expert, Tom Gentile, they had the chance to make three sets of profits – one for 64%, one for 200%, and one for 228% all in one week, racked up over the course of just two and a half years.
Crypto has proven itself to be one of the most lucrative investments you can make right now. And Augur is just an example of one of the coins Tom is recommending. To learn how you can receive his next rec – coming Monday morning – just click here.
Have a great weekend,