Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and...
Hi,
Enphase Energy is a global energy technology company. The company delivers smart, easy-to-use solutions that manage solar generation, storage, and communication on one platform. The company's microinverter technology primarily serves the rooftop solar market and produces a fully integrated solar-plus-storage solution. Geographically, it derives a majority of...
Re-evaluate and see what is going on and calculate new targets.
Downside targets have been met and this is still going down in spite of dipping in to oversold territory for a while now.
Bollinger bands are set on 80 and price is hanging on to the bottom band.
I took a look at this on weekly and drew a fib table. This one is STEEP so there are a lot of buyers...
Oversold conditions can last a while but this has been bleeding red candles for a while now.
Looks like panic to the max in a straight line down without any green in sight!
Even sellers will eventually become exhausted.
Price is closing in on a prior gap that may provide support.
This would have been a very profitable short so far.
Short is around 3.4%...
Shorts are starting to look yummy again now on the weekly candles..
I will post AAPL as well , some names look as if we're set to sell a lot further once again.
The H & S trade preformed pretty well, earnings def caught by suprise. Seems to finally be a rotation out of Solar and ENPH will be prime (along with a few others that are overbought. Looking for 260, 240 possibly lower as rates and new policies unravel. 200 isn't out of question EOY.
Enphase has retraced 50% off of high.
$180 is my stop for a long position. I'm looking for $400+ for a price target, that's what I expect by end of year.
This could go the other way and test $180 but expect more volatility from ENPH in the near term.
$ENPH is on uptrend on big picture and It is non stop going down for almost one month so It is time to cool down and make some correction or continue it uptrend. We just need to benefit from bounce back.
Entry; $220.30
S/L; $205.91
TP1; $249.09
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
I am spending...
Price corrected yesterday after a price and RSI Divergence.
There is also a rising wedge that was broken yesterday on the daily timeframe, but price is on the run again today. There are several on hourly that are still intact.
The lowest wedge I see on hourly would be broken at 284ish. The bottom trendline is intact so it is not valid.
Price is also bumping in...
1. 5. 23 ENPH : This is a great market to follow if you trade the equities markets. I would be looking to buy at this level if I could find buyers. It's a market move slower I would be looking for buyers had a very important support which I explained in the video. This Market has great volatility, and it most likely will give you a great reversal pattern... and...
Bought put when stock pops up to 330 level. solar sector benefits when oil expensive, but oil is droping, and help CPI move down to 7.1%.
If FOMC statement is ture, oil will drop hardly in 2023 to help 2% CPI goal.
ENPH monthly chart is developing a possible doji star at the upper level trendline. So I short it
Risk: the powell speak can change the short term trend.
