Enphase Energy (ENPH) came out with quarterly earnings of $0.18 per share, beating the Consensus Estimate of $0.13 per share.
We enter a bullish position trade on this stock at $12.83 and will continue to hold with an option to add to position if stock trade above $35.00
It is best to wait for a correction before entering this trade..
We enter a bullish position trade on this stock at $12.83 and will continue to hold with an option to add to position if stock trade above $35.00
It is best to wait for a correction before entering this trade..
Trade active
Stock Gap at open.. wait for a pullback.. Risky to enter nowNote
We will move our active Trailing Stop to $29.50.Note
It seems as if big money started to flow into this stock and we might not see a deep correction. In light of this we can add to current position or enter a new position by risking 0.25% of free equity with a Stop Loss of two(2) times the Daily Average True Range(ATR).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.