The trend line on the screen has been support for many years. Price is revisiting this trend line with the most recent earnings. 75 - 80 may serve as local support and price may bounce. Good risk to reward as a stop is just below trendline. Not financial advise.
Looks like Enphase is reaching a Wyckoff accumulation phase with channel resistance helping to direct price into the accumulation schematic.
Spring could bounce off resistance turned into support.
Price to seek imbalance at the gap around 0.618/golden fib zone.
This target zone coincides with a line of best fit/trend line through Daily price chart
Last Friday I entered a new trade on NASDAQ:ENPH as we closed above the 50MA on daily candles.
The trade is profitable for now, my target is $124 in the short term and we might see a pullback over the next few days as the oscillators are showing overbought conditions.
We can also see the diagonal resistance level that has been in force for some time now,...
1)I applied 2 moving averages on prices which have 5 period(red one) 20 period(green one) have cut each other and we got buy sign this week because we had to wait at the end of this week's closing candlestick on prices.
2) Also i have drawn resistance lines on prices and they have been broken this week with green candlestick. This is another buy sign.
3) RSI...
According to the method explained in the video we expect on NASDAQ:ENPH for the next week a prosecution of the downside or flat trend and then a return over 98,42 dollars to close the T+2i upward wave.
*Posting this a couple months late since I've been more preoccupied with Crypto
Saw a lot of people calling for $400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid...
Copy & Paste from the web!
Enphase reported earnings per share of $1.02, missing the $1.03 estimate. The company posted revenue of $551.1 million, Which fell short of the $566.02 million estimate.
Enphase cited high inventory at its distribution partners and softening in demand in the Netherlands, France, and Germany, its key markets.
The company anticipates...
The market almost closed positives today in the back of tech stocks rallying.
A massive gap down was bought up off the lows today. Banks continuing's to sell off despite yields and the dollar cooling off today.
ENPH is facing headwinds from multiple directions.
After a few years of sky high valuations, it is being looked at with fundamentals. Current PE of 30, so we could reasonably fall to a PE of 20 if the broader market crashes or if the CleanTech bubble (continues to) pop.
Either 10% down from here ~$108 or 50% down from here ~$59 are plausible IMO.
I like what...
This is a chart of Enphase Energy (ENPH). For those who are not familiar with the company, Enphase Energy develops and manufactures microinverter systems for the solar photovoltaic industry. They are one of the preeminent companies in solar power. Recently, price gapped up on the daily chart following news that Congress would pass legislation to fund sustainable...
Based on 24 Wall Street analysts offering 12 month price targets for Enphase Energy in the last 3 months. The average price target is $180.82 with a high forecast of $262.00 and a low forecast of $114.00. The average price target represents a 43.79% change from the last price of $125.75.
Enphase is severely oversold on the weekly chart and is showing a double pattern from the low of Mat 2021. Expecting a bounce to $132 for PT1, then $140 for PT2.
This would be major time pull back fishing!!
The market has been teetering down as of late.
Slowly but surely.
Seems staples and consumer goods not on the top of the list.
I am thinking that not many of us are planning to buy solar panels and get rid of our local power company this month either )o:
But who knows if the government pays for the conversion.
These...
Long term chart shows two bullish orderblock right underneath where it is trading. 96.58 is my first entry with stop loss set at 0.5X 2nd Orderblock. For long term hold, I am more inclined on entering when the lower orderblock liquidity is swept. Which would be a golden opportunity at around $75/Share
PS: Not Financial advice. Do your own due diligence.
