ENPH - totally fascinated
Months ago, ENPH was highlighted, and since then it has been captivating... particularly this two weeks where this appears to be one that stands out.
In the weekly chart (left panel), where the SPY is overlaid in dark blue, ENPH is clearly less correlated and in recent weeks moved opposing to the general market and seems to be keeping to its projected course for the upper target.
Candlestick patterns are rather bullish, closing at the weeks' high, and technical indicators are supportive.
In the daily chart, it similarly does look somewhat bullish by candlesticks, and the RPM is aligned, while the MACD is a tad weak. Price had broken out of the flag, and appears to have retested successfully as well.
Noted that I just learnt how to set up the Gann Box properly and it seems interesting that on time did the bounce to breakout occur.
Side note, although not shown here, the hourly chart looks enticing too. *wink*
Overall, ENPH appears to be able to push for further highs. One of the very few leads I am keeping a close eye on.
Read more about Enphase here as they develop and manufacture solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
In the weekly chart (left panel), where the SPY is overlaid in dark blue, ENPH is clearly less correlated and in recent weeks moved opposing to the general market and seems to be keeping to its projected course for the upper target.
Candlestick patterns are rather bullish, closing at the weeks' high, and technical indicators are supportive.
In the daily chart, it similarly does look somewhat bullish by candlesticks, and the RPM is aligned, while the MACD is a tad weak. Price had broken out of the flag, and appears to have retested successfully as well.
Noted that I just learnt how to set up the Gann Box properly and it seems interesting that on time did the bounce to breakout occur.
Side note, although not shown here, the hourly chart looks enticing too. *wink*
Overall, ENPH appears to be able to push for further highs. One of the very few leads I am keeping a close eye on.
Read more about Enphase here as they develop and manufacture solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
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