ENPH has been on a staircase to heaven fueled by the govt support on solar energy & the current supply chain crisis on crude oil & natural gas. The near term destination of the bullflag will be 387. After that a wave 4 correction may follow before the final leg up to 498 for wave 5. Not trading advice
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...
Enphase Energy, Inc. ( NASDAQ:ENPH ) Sector: Electronic Technology (Semiconductors) Current Price: $305.70 Breakout price trigger: $309.30 Buy Zone (Top/Bottom Range): $296.25-$264.35 Price Target: $419.30-$446.00 Estimated Duration to Target: 223-230d Contract of Interest: $ENPH 2/17/23 340c Trade price as of publish date: $40.50/contract
Highlighted previously, two months ago, ENPH exploded 50% to the upside against the major market move. Then it went into a consolidation phase for a month, and it appears to have broken out of a flag pattern. And by pattern projection, there is another potential 25-30% upside to this move. The daily chart shows the breakout and possible engagement point (white...
Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – explosive growth for the past 5 years, 40% 5-year average Profits – consistently growing since 2020 Net margin – decent 11% for tech company P/E – extremely high at 195 compared to S&P500 with 21 and Technology sector 27 ...
This came up on my screener... ENPH Reading abotut it was intriguing as this was interesting as it develops, manufactures, and sells solar microinverters, energy monitoring software, and battery storage products. Given the expected surge of crude after the current retracement, and the sustainability trend, I find ENPH intriguingly positioned. Technicals flagged...
TAN solar etf together with its main component ENPHASE energy has been on a tear lately. ENPH made a W-pattern in 2021 & is again repeating it this 2022. It currently made a double top at 283 but shows no sign of rejection yet. If it retraces then the W=neck at 222 will be retested. But if it breaks above 328, then the Fib 1.272 at 328 will be the next target. Not...
NASDAQ:ENPH has had a great run, breaking above the resistance level with a decent volume. Most US solar stocks have done well this week. It's probably a good thing for NASDAQ:ENPH
big down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength. TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
I bought ENPH because its price is above the MA 35/13 and above the trend line. My stop $168 and target $220 is on the chart. MM 1.67
ENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from...
ENPH is the strongest component of the TAN solar ETF. Just like the biotech sector, it has started to gain ground after a long hammer candle at the week of May 9,2022. Since then it bounced with 4 consecutive green weekly candles from 165, the middle of a big trading range since 2021 (110-210). BULLISH CASE: ENPH is now at 210 the top of the range. It may retrace...
I believe we will be testing all time highs on TAN here as the solar industry continues to consume energy market cap and we accelerate into exponential growth in solar. Stay smart out there.
NASDAQ:ENPH ENPH has contacted Monthly Demand and is in line with the Monthly Demand that the S&P 500 has contacted. There are several stocks that are currently aligned with the Monthly Demand of the S&P 500 ** See my profile for more stock scenarios** As we reach PEAK FEAR in the markets, we are liking to have reached a bottom on the S&P 500
Aspen Trading S/R Levels are predicting bullish trend for ENPH if it breaks above 238. They already did an excellent job by identifying the support @ 143. Please like, share and follow if you agree with the analysis. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Enphase Energy, Inc. ( NASDAQ:ENPH ) Sector: Electronic Technology (Semiconductors) Current Price: $231.63 Breakout price trigger: $222.50 (hold above) Buy Zone (Top/Bottom Range): $225.00-$201.50 Price Target: $290.00-$293.00 (1st) Estimated Duration to Target: 59-63d (1st) Contract of Interest: $ENPH 1/21/22 280c Trade price as of publish date: $8.05/contract
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.
Been holding ENPH shares since $23 Going strong. This is where the fundamental is so solid we can ignore the technical indicators.