ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
As promised in previous publication , I offer here two possible wave counts for ENPH to introduce the general picture of the stock. Left side chart: It suggests what described in previous publication on daily time frame zoomed in current up going motive wave for smaller degree waves. Right side chart: Is offering an alternative scenario. Please note that the...
ENPH looks like it has a regained positive momentum on RSI and could flip the descending wedge
i am bull at this support which for second day accepted at 200ma next pt to $170 dicailmer
it found support at 200MA ,and IF the stock want to continue the decline must react upward between $167,52 - $169 = fibo 0,783.
Enphase Energy NASDAQ:ENPH is following a similar pattern as it did in October 2020. Where it was coming off a rapid runup, slight consolidation, and then a sell-off just a few days before earnings. Do you think the Solar/Energy stock will start to consolidate until earnings in a few days? Or are the inflationary pressures just too much of a headwind?
After consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries....
Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42. Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its...
Solar energy ETF is currently breaking out of a descending triangle. There are multiple resistance levels to take into account. However, a measured move from the current break of the triangle, is taking us to $113 approximately, which is my mid-term target. MACD has been uptrending while the price has been downtrending, the divergence is bullish signal for...
(This is not financial advice) Hey guys quick energy play on Enphase here. Energy was the biggest winner of this week as I expected and ENPH is one of the biggest companies in this area. ENPH did have a nice run up this week running up over 4% gain from week open to week close but I still see good room for growth. ENPH came out of bullish triangle and is now...
LT support on W and M timeframe PE ~= stock price (170 on 2/23) Such a high flyer, it needs to come down to reality From COVID low to ATH, 0.618 fib matches with LT trend (coincidence?). Currently bouncing off of 26 W EMA, but I expect it to head towards 100, and I may look to buy <120
Wyckoff spring: 1) Takes down previous high 2) Consolidates above it 3) Fails to make a new high 4) Breaks support and run stop-losses 5) SPRING ! Stop-loss below previous low.
We're taking profits in the Solar ETF ticker TAN following a rapid run from an Extreme Turn BUY on Dec 16. Aggressive traders might look at initiating a tactical short on the Extreme Turn SELL signal that triggered our exit. The two largest components of TAN are SEDG and ENPH that both have charts that not surprisingly look the same as TAN and are both into areas...
I think we are seeing a massive top in many stocks, solar looks specially vulnerable and it's one of the sectors I'm short of. If it doesn't break over today's high going forward chances are it is dropping all the way back down...We would need a Biden victory, or a tax law change for this to come to pass though (oil dropping would also help, or subsidies going...
It looks like TAN the solar ETF is ready to break to new highs. Very bullish. The solar sector has been very lucrative lately. IF TAN breaks above the horizontal red line indicated by the previous high it should find traction. The price is currently above all the supporting averages. Volume is building.
$ENPH is just begging for a pullback for buyers to jump back in to. Any dip back near the $100 area will be a big zone of interest.
$ENPH Long into Earnings What a nice setup for ENPH. Long solars into earnings as this stock forms a pennant and makes a go for new highs. Downside risk $50 support, new highs upside risk.