ENPH trade ideas
ENPH PUT sale for Nov 20, 2020I like ENPH, and don't mind owning some at 40 / share.
$5 strike price, This should trigger Monday.
if it gets exercised should find support at 35
ENPH doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
→ CCI <-100
Awaiting buy trigger
→ Price retrace to around $47
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
ENPHASE (ENPH): This Chart is Absurdly Bullish✨ New charts every day ✨
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Enphase (ENPH) has been an absolute beast, not just in terms of its chart, but in terms of other factors like earnings. After another quarter of strong earnings, the premium the market is willing to pay for this microinverter maker makes sense. Despite some risk due to a potential slowdown in the months ahead for the industry, we think there is still room to play the uptrend. As such, all we are looking for here is enough of a pullback in price to give us a long entry.
Resource: seekingalpha.com + www.fool.com + www.greentechmedia.com
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1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe for almost 2 years now. There has rarely been a bad entry since then.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. We are currently assuming the uptrend will continue, and as such are looking for a pullback to the nearest relevant support level to enter long. S1 looks like it will give us a great entry if ENPH can pullback enough to let us in.
4. This trade only has two relevant exit conditions. Either we close at our target, or we close if our stoploss is hit.
5. If for whatever reason S1 doesn't hold, we have mapped out a few other key levels to watch in the future. S2 is a good candidate for support on a deeper pullback due to the orderblock and S/R flip. S3 is the last support before the price inefficacy gap below. And S4 is a major support range that represents a final hope for Enphase bulls if S3 can't hold.
6. Lower levels aside, the idea here is simple, we are taking a stock that is in a strong uptrend, looking for a solid entry in that uptrend, and then aiming for an exit that offers a solid risk to reward ratio.
Good luck with this one gang!
Enphase Energy $69 Target
Great earnings and guidance
Strong uptrend hit all time high yesterday
Technicals getting extended but while bull run continues $69 is the target
$ENPH Enphase Energy set for major breakout.
Possible breakout in the near future as long as market maintains bullish sentiment.
Alert for breakout above $60.00
Possible upside target as per Fibonacci extension\expansion levels.
Earnings highlights
Enphase Energy (NASDAQ:ENPH) +3.6% after-hours following an easy Q1 earnings beat and a doubling of revenue from the year-ago quarter to $205M.
Q1 adjusted gross margin increased to 39.5% from 37.3% in Q4 2019, driven by disciplined pricing and cost management.
Q1 shipments totaled 643 MW DC, or slightly more than 2M microinverters.
For Q2, the company issues downside guidance of $150M-$130M in revenues vs. $133.6M analyst consensus estimate, as well as GAAP and non-GAAP gross margin of 37%-40%.
Due to global shelter-in-place rules, Enphase says it was unable to ship its Encharge battery storage system during Q1 as planned but now expects shipments to begin in June 2020. Source seeking alpha
P/e ratio 33.85
Company profile
Enphase Energy, Inc. engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten & Apps. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.
ENPH Enphase energy Broke out of wedge but showing divergenceChart shows where we are. May need to cool off again.
How far will Enphase go?I'm new to investing but really trying to learn. I have been practicing plotting out charts. I believe Enphase is on the way up. The support and resistance are trending up. The RSI is running just below 60. Looking at the history of this stock, when the RCI reaches 60 on the up swing, it continues up. I have also added the Alligator indicator. The mouth is open! What I am nervous about is the earnings release tonight. I'm still learning the effects of the earnings call..... I'd appreciate any comments on this.
Thank you
ENPH That's a breakoutA fast mover. I should have stuck with this one. Market shook me out. This apparent breakout has me thinking about ENPH again.
ENPH - BULLISH TREND RSI: crossover confirm
FStoch: crossover confirm
Pattern Reversal: LONG Term Bullish
MACD: positive
Action: potential uptrend of 20-25%
Strategy: LONG
Confirmation: GAP UP, may convert to "Three white soldiers"
Volume: Avg.
ENPH Study: Enphase energySmart money traders bought at trendline support and sold at .50 Fibonacci extension. Now we are testing horizontal resistance, possibly turning support for a run to the .618
ENPH : Enphase energy could pull back for a reasonable buy. I may buy green zones and sell at the red box. That's just me.
Be good!
ENPH Long Term Buy Using W5T Elliot Wave and RollerCoaster AnalyThis high performing clean tech stock is on sale for almost 50% off. While a move toward the lower supply / demand zone at $30 would be ideal, a @tradethefifthcom Rollercoaster signal has appeared at around the $40 mark. Scaling in at $35 seems a good place to start, either adding on at $30 or $40.
NASDAQ:ENPH
$ENPH Waves, This is been previously pushed and noted by another twitter member so I decided to take a look. Honestly this all the characteristics to move up. Keep your eye on this
Over the green line we go higher, under the red we go lower.
KEEP IT SIMPLE.
BTD traders.
Enphase Energy, Inc. on watch-list Short interest 26.82%
Company profile
Enphase Energy, Inc. engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten & Apps. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.
ENPH looks like a buy above the box.Could be a name that can weather the virus storm. Lump it in with SPCE, TSLA, PLUG and other new era energy tech names
people can't seem to get enough of. Would not touch or exit position below 50.
