Last time we looked at Guggenheim Solar (TAN), we noted that price action since late 2016 reflects a price bottom. At the time, TAN was approaching a key resistance, a break above which would establish the anticipated price bottom. Last week this happened, and we should now anticipate TAN in a bullish mode in the second half of 2017. TAN Daily Chart(click to enlarge)Breakout:- There was a key support/resistance pivot around 19 and price broke above that last week.- This week, we are seeing price just under 20 and the RSI above 70. There might be some short-term pullback.- If so, the 18.00 level might come into play again this time as support. Targets:- First, there is upside towards the 20.80-21 level, which is a support/resistance pivot. - But I think in terms of the 2nd half of the year, TAN has upside towards 25-25.50. - As we can see on the weekly chart, the 25.20-25.50 area is a support/resistance pivot area that also involves the 2016 high. So for now, we should limit our bullish outlook to this critical level. - That is not to say, we can't anticipate a push towards 33, which is the next key support/resistance pivot area. But we should first anticipate some significant resistance around 25-25.50.TAN Weekly Chart (click to enlarge)