Using Tan as an example, we see how we can identify periods of Accumulation and Distribution for the solar industry. My custom ADX, CCI strategy gives signs of accumulation, over buying and over selling. I've marked those points on the chart. Presently signs of uncertainty in both directions as the range sets lower highs and higher lows. This is a sign of uncertainty surrounding regulations and the future of climate change.
As I mentioned I use a custom setup but check out the Investopedia on how to use the CCI. Matching the CCI with the Pivot Points High Low should yield great results. Set your Pivot Points High Low to 14/14 for the daily charts. I do believe there is a bit more downside to the trendline support there for the Solar Industry, will update you after to see what happens.
Not recommending a short here, but I do recommend watching to see if some support is found in the short term, or potentially a break out of the bottom end of the range. Confirmation is needed before taking any actions.
As I mentioned I use a custom setup but check out the Investopedia on how to use the CCI. Matching the CCI with the Pivot Points High Low should yield great results. Set your Pivot Points High Low to 14/14 for the daily charts. I do believe there is a bit more downside to the trendline support there for the Solar Industry, will update you after to see what happens.
Not recommending a short here, but I do recommend watching to see if some support is found in the short term, or potentially a break out of the bottom end of the range. Confirmation is needed before taking any actions.