Recently, we saw the Guggenheim Solar ETF (TAN) form a price bottom. Price also broke above a falling trendline and the 100-day simple moving average (SMA). Price then retreated after cracking 19.00. This week, we saw support just under 18.00 and noted that if TAN is able to pivot from here, it would be respecting the price bottom.TAN Daily Chart 3/17(click to enlarge)Next Resistance:- The pivot this week looks legit.- The RSI also stayed above 40.00, which reflects building of bullish momentum since it has pushed above 70.- Because of the prevailing downtrend, we should limit the nascent bullish outlook. - The next resistance could be around 19.50, a previous support pivot, and where the 200-day simple moving average is lurking.