ENPH looks to be forming an uptrend out of its bottoming formation. all daily indicators look good. Indicators on the weekly and monthly look good. Note that the trend not the weekly and monthly are down. This is a highly speculative stock. Hold firm to the stop. Let profits ride however with raised stops.
ENPH has broken the falling channel with a huge impulse to the upside. Now it seems facing to a resistance area. Look for a potential retest on the breakout level if you want to go long. Bullish divergence on 4h chart.
great pattern I personally prefer the long setup because the price action ios very bearish, so the R/B ratio is better on the long side for a posible move to the upside
Hello traders,
The very big correction seems finished. Notice that summer is coming.
I am targeting at least the (5,05685, 5.54145) resistance zone. Possibly higher, with latest target 6.95204.
Good luck!
May God bless you.
Hello traders,
Remember it is 2016 and we need to do durable investments to make the world better. I think this year could be a good year for those. Keep an eye on companies like this.
It seems we can ride Wave (3).
SL = 1.97.
Target 1 is 6,27 = 1.618 * Wave (1).
Important resistance levels: 5.11, 8.04, 11.56, 14.88.
This one can become pretty nice! :)
God...
