Looks like an ascending triangle forming on ENPH (bullish)
***See Previous Charts***
- EMA's starting to curl
- Bollinger bands squeezing (not pictured)
- Also looks like an inverse head and shoulders forming on the daily timeframe
- Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
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7/6'
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
May 24-
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
***See Previous Charts***
- EMA's starting to curl
- Bollinger bands squeezing (not pictured)
- Also looks like an inverse head and shoulders forming on the daily timeframe
- Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
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ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish