ENPHStrong earnings could mean the start of wave 3. Third and final ABC zigzag is possible, but not likely.
ENPH trade ideas
ENPH bullish analysis, Price Target $190ENPH, forming a pennant. MACD is really close to being bullish. Long term Price Target = $190
ENPH has a ton of upsideENPH 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.
Symmetrical Triangle Earnings 10-28 AMCPrice is at the top trendline. Long entry is a break of the trendline with an uptrend.
Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks can also occur.
If price proceeds upward in an uptrend, then possible stop below top trendline where you see support. There is a pocket pivot (green triangle) at 154ish.
There is also an ABC bullish pattern inside of the triangle.
Right now there is a bullish engulfing candle.
No recommendation
ENPH, Elliott wave count on weekly chartAs 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 correction will be completely different in terms of price and time if this scenario happens.
Although both scenarios are , non of them violate the up coming smaller degree wave counts and it is a good news for buyers!
Larger degree wave counts can be investigated, analyzed and updated later, For now we are going to make our profit my friends.
Good luck every one . Wish you huge profits.
Falling Wedge- Bullish - UpdateBig falling wedge on ENPH here while simultaneously bouncing off the 200-day EMA, Bollinger bands are also squeezing (not pictured). Will be watching closely for a breakout and push upwards here (broader market conditions permitting)- See previous charts on ENPH below as well as charts on ICLN & TAN - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
PT1- $156.03
PT2- $159.33
PT3- $164.15 + Breakout
Previous Charts-
ICLN
TAN
ENPH - Above 50 SMA- BullishENPH - Crossed the 50 SMA ,bullish . Resistance at .5 pivot level.
Next target 179.
Green energy stocks are host for the last one week.
Trend continuation on the monthlyWe're also bottoming out on the weekly so we're due for a nice trend reveal play on the short term.
ENPH - D :: Support region :: opportunity for long termThis stock in a support region that can be a good opportunity for long term returns.
TP1 has already been tested and is likely to happen again and thats why we target 180.
TP2 is positioned for ATH price recovery.
TP1 - $180
TP2 - $220
NASDAQ:ENPH
-----------
Este stock está com preço posicionado em uma região de suporte que pode ser uma boa oportunidade de compra para retorno a longo prazo.
O TP1 já passou por testes e é provável que ocorra novamente e esse é o motivo de colocarmos o alvo no 180
O TP2 está posicionado para recuperação do preço do ATH.
TP1 - $180
TP2 - $220
$ENPH - Could See a Breakout SoonENPH looks like it has a regained positive momentum on RSI and could flip the descending wedge
Same formation as previous breakout - Update- See previous charts below- (ICLN & TAN charts below as well)
--------
Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run-
All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross (not pictured)
Bullish gartley forming on enphaseThis bullish gartley formation could be forming on enphase. Completion around the end of october would give indication of more upside after
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross
- EMAs Curling (not pictured)
- MACD is seemingly about to cross
PT1- $176.03
PT2- $182.30
PT3- $189.36+
------
------
(Previous Charts)
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
------
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
$enph #enphase bull at this supporti am bull at this support which for second day accepted at 200ma
next pt to $170
dicailmer
$ENPH it must react at this price levels to $167,52-$169it found support at 200MA ,and IF the stock want to continue the decline must react upward between $167,52 - $169 = fibo 0,783.
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on ENPH (bullish)
***See Previous Charts***
- EMA's starting to curl
- Bollinger bands squeezing (not pictured)
- Also looks like an inverse head and shoulders forming on the daily timeframe
- Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
-------------
7/6'
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
May 24-
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
$ENPH bullishEither Head and shoulder or Cup and Handle formation. I see flat $190 resistance.
$SEDG reported a great quarter today. I exited $ENPH a while ago but will look to add tomorrow. $TAN as a whole is bullish imo.
$ENPH 5 Month Base$ENPH
* Triple digits EPS & Sales acceleration
* 5 Months Cup with Handle
* Or 5 Months Inverse Head & Shoulders continuation base (if you are more into that)
Anyway you look at it, this chart looks bullish.
Cup & Handle on ENPHThe solar system inverter maker has experienced phenomenal growth over the past three years, as it turned a profit of 10 cents a share in 2018. In 2020, earnings hit $1.37 a share. Wall Street sees continued growth in the bottom line, up 45% this year to $1.98 and rising another 35% in 2022. Sales growth accelerated from a 1% drop in Q3 2020 to gains of 26%, 47% and 152% through Q2 of this year.
Where is Enphase Stock Moving Next?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?
ENPH into earningthe pattern that is forming is very similar to the pattern for the run up to earnings on Feb 8th. The current pattern is just on a smaller scale. There's a double tap at the top of the +2 Regression trend. 9 is crossing the 20 SMA to the down side. BB is starting to squeeze and RSI is facing down. There is a nice support ledge at 163.40 on the volume profile. If that fails, look for 152.65. I think that those two consolidation levels could hold you through earnings, before we see another trend to the upside. (Solid lines with arrows on the chart)
Or it could follow the last earnings and just tank and then recover (dotted line)
ENPHPossible comeback from this one
needs to hold 139.85
PT 148.94 > 153.54 > 157.59 > 164.41 > 175.47
ABC BullishPossible stop under C or last pivot low. I forgot about this one, then looked today and but now I am feeling a little to far from a strong source of support. Tomorrow is another day (o:
Looks to be inside of a small symmetrical triangle and has made an attempt to break the top trendline of the triangle which is resistance. Symmetrical triangles are a neutral pattern until a trendline is broken.
There is an unfilled gap above price which may cause resistance.
Negative volume is very high indicating smart money is interested.
The moving averages are not in the right place but the 50 is barely floating above the 200. The 50 is under the 100. Price was under the 50 today at open, but appears to have barely gotten over the 50 right this second with the top of a candle body. This could change by close today. It is always a good thing to have price over the 50 day moving average if you are long. The 20 is sloping up and the 9 is a bit above the 20 which is good. The moving averages need improvement and in a perfect world, it is best to have the 200 on the bottom, then the 100 over the 200 etc. Some folks like to buy on crossovers like when the 9 crosses up and through the 20. I always have the 20 because is use bollinger bands, but everyone differs on the moving averages they use. A day trader would possibly look at shorter duration moving averages than a long term investor who would most likely concentrate on the longer term moving averages like the 50 and 200.
ENPH arced on the prior run to the top, and is usually volatile anyway if I remember correctly. Parabolic arcs, or former arcs, can be volatile for quite a while after hitting the landing pad.
No recommendation.
Buy red/sell green (o:
