Reasons for bullish bias:
- Price formed HH, and has broken strong trendline
- Safe entry at breakout HH for bull trend confirmation
- Simple DOW theory
Entry Level(Buy Stop): 142.49
Stop Loss Level: 90.71
Take Profit Level 1: 194.27
Take Profit Level 2: Open
ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA.
This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well...
Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100 .
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse...
Aspen Trading S/R Levels are predicting bullish trend for ENPH if it breaks above 238.
They already did an excellent job by identifying the support @ 143.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
ENPH will probably confirm the rising " Cup and Handle " pattern today, I suggest you place a pending order because this will be the best stock for you.
ENPH wait buy : $67-$67.5 (zone breack out)
ENPH target : $90 +-2
Stop loss : 8%
Wish you good deals!
