ENPH - ready for a take off?
Updated
ENPH is quite a volatile stock. It’s been a multi-bagger since the 2020 elections.
This has been hammered lately and looks like bottomed out.
Recent uptick in volume showing signs of recovery.
Long - around 100ish
Stop loss - 85
Target #1 - 175
Target #2 - 230
So much of supply ahead, won’t be a smooth ride.
And note- this one has political risk as well.
Manage your risk and position size carefully.
This has been hammered lately and looks like bottomed out.
Recent uptick in volume showing signs of recovery.
Long - around 100ish
Stop loss - 85
Target #1 - 175
Target #2 - 230
So much of supply ahead, won’t be a smooth ride.
And note- this one has political risk as well.
Manage your risk and position size carefully.
Comment
Today’s after hours earnings move confirms with a strong volume and up13%Trade active
Added some more commons this morning, This is very high momentum and volatile stock. Not planning to go heavy on this name. This is relatively small position in my portfolio though. IMO, this Can reach 140 mostly by next week.
Trade active
Trimmed some at 140 and Added some more todayDisclaimer
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