Looking for a pop early next week with prior resistance at 187ish turning to support. Eventual gap fill at 220 over next month or so. Also watching solar ETF AMEX:TAN for a breakout of large descending triangle, Canadian Solar had good news Friday and Sector has been oversold.
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...
Its next earning: July 25
I'm trading it to $210 into its earning.
Keywords in Media coverage:
expanding its market presence
rising demand for solar energy solutions
allowing homeowners to gain more savings
enhancing its competitive edge
was indicative of these growing tribulations
buying the stock
leading to its price moving higher
manufacturing fully...
Ive discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below.
Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a...
ENPH is moving nicley making new higher lows on the daily. A break and hold above 176 on the previous day high we can see 183.26. full gap fill will be to 220.20
NASDAQ:ENPH #ENPH is at fib support and inside the descending wedge. Rising RSI, MACD, OBV, acctdis. Breaking above $168 is bullish. Breaking below $158 is bearish. Bullish targets, $183, $192, $214. Downside risk $158, $133.
ENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
I think NASDAQ:ENPH has a very low risk buy setup here. I already bot it during Friday, but you can enter pre market or during Monday's session safely.
Stop loss a bit below the $159.06 level would do.
Aim for a 6 business day rally from Friday, with potential upside to the level where the stock reported quarterly earnings recently.
@timwest found these...
Beat earnings - Weaker future U.S. guidance with Europe growing albeit Europe being a much smaller share of their current business.
Trading for a short-term bounce.
1st Entry (1/2 position) @ 166
PT 1: 174
PT 2: 180
PT 3: 190
SL - None yet. To add on further if 163 retest
ENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the...
Waiting for a break of the bear flag on the 4 hour. Once that breaks decisively 155, 152 and 148 should hit in short time. The stock is pretty oversold though so expect some heavy support around the 161 mark
Enphase is overreacting to the downside today right into major support lines, it is piercing through these levels currently but I think a reclaim of these levels could provide a bullish setup. Also, Enphase report a surprise earnings beat of almost 13%. Weird price action for those earnings.
Enphase Energy Inc. ( NASDAQ:ENPH ) is a solar energy company that designs, develops, and sells energy management systems for the solar industry. On the daily chart, the Williams Alligator indicator is currently showing a bullish trend, indicating a potential buying opportunity for traders.
Trade Idea: Based on the bullish trend identified by the Williams...
Alright. Bringing TV another idea that i took about a week ago; for a very serious swing.
Fundamentals-
NASDAQ:ENPH has been the leader in Solar development for a long time. Sunrun Jinko, SEDG, CSIQ, etc are not comparing to how this company is performing.
Now, they are shipping their most advanced products to Europe to begin the international market...
Enphase is in a long "Cup and Handle" formation. This is great for the long term investor. By July of 2023 I see ENPH around $300 or higher especially as inflation dissipates and they continue to expand their solar products around the world. It could be a longer stretched cup and handle which will be figured out in the next month or so...
