ENPH all time high indecision candleENPH all time high indecision candle had to take this one weak entry.
E0P trade ideas
ENPH will die a horrible deathHey, ENPH is a done stock. I can't say when exactly it will fall, but I've long speculated solar is the most bearish sector looking to year-end because it has so much room to fall; nothing has changed. Keep an eye on this name, it's going to fall, hard. I'd only ever look for short opportunities on this name; don't even think about buying this one long- even for a bounce.
For reference, this name moves with SEDG. Look how far down SEDG is... ENPH has a lot of catching up to do to the downside.
#ENPH lagged the general market today$ENPH lagged the market today but not suppressing the level if found some sellers around.w
Orange bars would be an ideal setup heading into end of this week and early next week.
Still top stock to keep eyes on.
Forming head and shoulders?Looks like it is forming head n shoulders pattern. It is at its resistance now. It may fall back towards $200 soon.
ENPH doing W3 with a bullflag to 387, then W5 to 498?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
ENPH - totally fascinatedMonths 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 the upper target.
Candlestick patterns are rather bullish, closing at the weeks' high, and technical indicators are supportive.
In the daily chart, it similarly does look somewhat bullish by candlesticks, and the RPM is aligned, while the MACD is a tad weak. Price had broken out of the flag, and appears to have retested successfully as well.
Noted that I just learnt how to set up the Gann Box properly and it seems interesting that on time did the bounce to breakout occur.
Side note, although not shown here, the hourly chart looks enticing too. *wink*
Overall, ENPH appears to be able to push for further highs. One of the very few leads I am keeping a close eye on.
Read more about Enphase here as they develop and manufacture solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers.
Solar stocks setting up today (13 Sep)Going into US CPI today, a handful of solar stocks are setting up to breakout higher. The sector has shown high relative strength, and one of the leaders in the sector is Enphase (ENPH). Broke out from 5-week flag on 7-Sep, and breakout level held after retests in last 2 days.
9/11/22 ENPHEnphase 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
ENPH - Back at it! Powerful weekly volume thrustRenewable energy stock moving on volume. Play the leaders!
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
ENPH waiting for another breakout attemptEHPH building nice congestion on WK. Can be considered a flag on D. IBD highly rated stock. Part of TAN etf (Solar group) congesting after diagonal breakout.
ENPH recharged & potential in its explosive upside actionHighlighted 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 arrow) in July. This came with favourable technicals where the MACD and RPM crossed over.
A clear consolidation phase started in August and a descending range formed the flag. This week saw the star of an attempt to breakout and yesterday was a major move to the upside with momentum (8% bullish marubozu) and broke out of the flag. Another potential entry point is at breakout point (white arrow).
With this, the flag pole (yellow arrow) can be used to project the upside target. At the moment, both the technical indicators RPM and MACD are supportive as they cross over their respective MA lines.
Upside target by flag pattern projection is 406.
Out of pure interest and curiosity , I wanted to analyze the effect of this Gann box which I recently find interesting. So it was "force fitted" into the price action, where the first 0.25 of the time axis measured the flag pole rally. This fitted to the start of the consolidation flag. The height of the initial rally was set at the 0.5 level.
The outcome was rather interesting...
at 0.75 of the timeline, spot-on the breakout occurs.
and the projected remainder of the 0.5 also approximates the upside target at 420 (as opposed to the flag pole projection at 406)
For Gann practitioners, please do enlighten.... thanks in advance!
ENPH long setupEnphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the USA and internationally.
Above resistance
Above 50, 100, 200 SMA
High volume
Solar energy theme
Stop loss - 273.71
Profit - Trail stop loss
$ENPH with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ENPH after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.73%.
$ENPH #solar #leader$ENPH might be worth taking a shot at here above last Friday's high.
#solar leader
#ENPH Bull Flag ideaHello dear Traders,
Here is my idea for #ENPH
Price finds support at monthly pivot S1 line.
As long as the price is above support zone, we will wait for a close above the yellow trigger line in the 4h chart to enter the trade.
Please feel free to ask any question in comments. I will try to answer all! Thank you.
ENPH UpdateLooks to be breaking daily RSI support line dating back to January. Weekly coming down relatively hard as well, but still above the 50 on RSI. MACD extremely high on weekly, but already rolled over on daily extensively. Will most likely fill the bearish divergence and continue to roll over with the rest of the market in the coming weeks. Caution would be that the weekly is bullish at the moment and could put in future bearish divergence by going higher on price without taking out RSI previous high, but we will see how long that lasts.
ENPH - Breakout of Up ChannelA breakout has occurred of a large up channel
This breakout was caused by a slightly oriented symmetrical triangle
Similar situations in grey circles / comparable points / interesting points
$ENPH - The Solar KindThe big #solar stock $ENPH putting in a 10% 4 weeks trading range.
Obviously its #hot
ENPH swing trade ideaHey all, I'm not taking this trade, but this stock has serious downside potential. I'd be looking for a gap-fill entry if I were playing this, with a stop loss a little above ATH's. I know this stock/sector is incredibly overvalued and due for a huge correction. I'd look to where it is at right now for an entry short, or to exit longs.
dippy before more rippy 🚀🥶i expect a big rejection from this trend support zone, last time we dumped from it we saw 100-150 dollars of downside!
I do not have longs here but if I did I would sell and look for a dip entry! clearly in bullish trend but reaching the top of the trend. just my view though
please a drop a boost and follow if you enjoy my analysis 💛
Diamond topTarget 1 to the downside is in orange type.
For further targets down if it goes past T1, see prior post.
No recommendation
'
A diamond topis like 2 symmetrical triangles stuck together at the wide ends.
ENPHDaily getting closer to closing under RSI line. Daily MACD already rolled over. Weekly RSI still relatively high for a short, but starting to come down. Weekly looks to be putting in bearish divergence divergence. Decent size bear flag on the weekly that could play out eventually if price breaks and closes under $180 ish. Possible short entry looking good if daily RSI gets under 50 and weekly pulls back more.
