So here we have an easy ta from ENPH.
I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go.
There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in.
If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up.
Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed.
Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22.
So good luck.
Any comments are welcome :)
I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go.
There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in.
If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up.
Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed.
Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22.
So good luck.
Any comments are welcome :)
Trade closed: target reached