Enphase WholeSale
Updated
ENPH has been in a stage 4 decline with the weekly chart showing an incredible accumulation sequence within the range of $72-$167… And after a stage 4 we roll back into a stage 1 and uptrend up to through stage 2 incline with stage 3 looking like a top of $226-$320 … Price is currently below the 200 EMA with signs of being undervalue or at its wholesale level.
Note
Okay, as I look at this more, I like it a lot! Make sure you Buy over time, aiming for 90 days plus, while staying close to the money. Chef's kiss on this trade idea! Even if you did a vertical spread with 72 as the low point, you would maximize your profits, but it's another option to consider that would be more conservative than just going directional. Two ideas and ways to make money from this trade on the option side. You could also outright Buy the stock.Note
Pay attention here to the consilidation as the stoch crosses up the 30 value on the stochastic
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.