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ENPHASE ENERDRNENPHASE ENERDRNENPHASE ENERDRN

ENPHASE ENERDRN

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E2NP34 trade ideas

$ENPH Enhase Energy - Semiconductor Strength (First Stock Idea)$ENPH continues to be on a tear in recent trading sessions, helped both by technical and macro factors. On the macro front, the headline risk of a trade war has finally receded as the US and China signed their trade deal in January 2020. This has helped to roll back some dark clouds as it relates to global trade flows, especially for geopolitically sensitive products such as semiconductors. On the technical front, both the RSI and price level for $ENPH continue to be moving higher, within the Rising Channel, which bodes well for this stock. The final "Cherry on Top" from a technical perspective, is the fact that prices appear to have broke higher out of a "Bear Flag" pattern, which is a good sign that prices have more room to run. If these factors hold, we could see prices reach $35.11 ("Orange Weekly resistance Line") in the next coming days and weeks. However, if these bullish factors run out of steam, traders should be prepared to see prices fall back down to $27.70 level.
NASDAQ:ENPHLong
by EconomicsGlobal
2
Enphase to Find Resistance at $36 in Early 2025Although Enphase is an excellent inverter company for solar panels, and has treated its investors to a 420% year to date increase in value, I am feeling that CNN Business's analysis is too optimistic: "The 10 analysts offering 12-month price forecasts for Enphase Energy Inc have a median target of 30.00, with a high estimate of 40.00 and a low estimate of 26.00. The median estimate represents a +21.85% increase from the last price of 24.62." Solar panel companies have a tremendous amount of competition and also failure rate when we look at them historically. Due to the consistent innovation and subsequent outdating of previous technology, it is possible that a company like Enphase could be completely off the trading market within a decade. Yes, it could even happen in the next 12 months. I would not invest into this company if I wanted to sell within 6-12 months. Do I think this stock is going to go under in the next 12 months? No, but I also don't think that it could hit a median of $30 within the next year. Let the technology, market, and consumers play it out for the next 5 years and we will see this stock increase from $24.62 to over $35. I have 70% confidence in this analysis. I am holding Enphase and PLUG to diversify into the energy sector.
NASDAQ:ENPHLong
by youareallset
4
ENPH long trade before the reversal This is a different kind of entry than most people will not see or understand. I like to think it involves something I would call market dynamics...but it boils down to buyers vs sellers and fast money vs smart money. I ran out of time on the video...probably a good thing because I was probably getting a little hypertensive base on the tone and volume of my voice...so that is probably a good thing. Let's see how it plays out.
NASDAQ:ENPHEducation
by ScottBogatin
1