Buy ENPH (above the MA 35)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
ENPH trade ideas
$ENPH Strong Relative Strength$ENPH I am already Long this name and added this morning. Still only ½ size position in this wild market. This name has been showing Relative Strength for some time now as is the whole solar sector. I have my relevant notes on the chart. I expect the next level of resistance will be in the $216 area. If it can get above that I think a reasonable target area is $250 to $280 area. I’ll be looking to add over the $216 area if it can get there. Ideas, not investing / trading advice.
ENPH: repetitive price action?The black arrows might unfold as similar price actions.
Below 194.00 supports a bearish trend direction. Crossing above this level will negate the bearish stance.
Further support from 179.75 for further downside potential.
Consolidation price action between 169.75 and 186.00.
Crossing below 169.75 might target 153.25 (to complete the repetitive price pattern).
A break above 186.00 will be the first sign of strength returning to the stock.
ENPH - Acting As a FlagA major Trend Line reclamation has taken place on ENPH ,
right now the price above the trend line is acting as a flag from a bullflag
I expect bullish results due to this major Trend Line reclamation
ENPH holds better than TAN;if mid165 fails, 120 will be retestedENPHASE 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 recent highs & recent bottoms. If it holds 165, then 220 will be retested.
BEARISH CASE: If this midzone is lost, then a retest of 120 will be next or even a double bottom sometimes in 3Q2022 to create a divergence.
Not trading advice
ENPH Pulling Back to Pivot SupportThere is nothing to do come Monday and I will probably sit out until FED notes are out Wed.
That said, One of the stocks I'll be keeping an eye on is $ENPH pulling back to double bottom traditional pivot.
Weekly chart (not shown here) indicates it needs a bit more work.
ENPHase W-pattern may reach 328 for wave 5 if 200 holdsENPH 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 back down & retest the 165 midpoint or the VWAPs before a rally to again BO the 200 to 210 red zone with 328 as the destination of its wave V. This assumes that wave IV is a running flat & the 5-wave wave V is underway. It is now at the wave 3 of a bigger wave V.
BEARISH CASE got hammered when ENPH bounce above all my VWAPs & is now attempting to breakout the 200-210 red zone.
Not trading advice
$ENPH Analysis, Key Levels, and Targets (REQUEST)$ENPH Analysis, Key Levels, and Targets
I had a super fun time analyzing this chart mostly because I’ve never seen it before. Energy is hot right now so I see why it was requested.
The general direction is up. And there is lots of support… The gap up today forms a nice possible support. If there’s a little pull back, I’d go long… (You trade, right? Or are you looking for a long entry??) Thanks for the prompt and I like this chart… I added it to my watchlist…
Get above 220, and then fly to 280…
Hope this helps...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
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Solar comparisonSolar company comparison YTD:
ENPH +11.96%
TSLA -8.59%
SEDG -12.42%
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
ENPH: Sun is setting on EnphaseWith the market running out of steam by the day, this is my biggest potential winner for puts. Short term PT is $137 and long term is around $50 which is the 1.618 fib retracement to the downside.
Not financial advice
$ENPH Potential Leader in Solar SpaceKeeping an eye on solar stocks as they firm up and work on completing the right side of their bases.
$ENPH potential leader in the group.
Need a bit more time.
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lets see if we bounce off TL like last time :)ENPH bouncing off extreme support zone and seeing its 4th bounce off strong trendline support!
also seeing small after hours rally on good earnings, targeting 188.84-222.93-270.32 this year
ENPH - Open Short-Into-Long / ViceVersa(Optional) - Open Short if fib 0.382 breaks, then open long from 111.666.
(Long Base) - Open Long from fib 0.236
(Event) - 26 Feb earning & revenue,always big vol.
(Common sense) - Its overall to overbrought, short after peak?
(Seperated Short) - Hedge against the long position
ENPH shortConditions: Growth/ highly valued stocks moving with the market. Trend following trade.
Entry: Market order some point today (12/04)
Stop: 5%. Small order. Re-evaluate and potentially larger position as price nears trend and/or previous high at start of April.
Target: Take profit/exit once weekly stoch gets to 25-20%. Monitor price action.
Downtrend noted since Nov 21
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Current (general) preferred entry conditions and entry signals are either.
a) Reversion to mean from overextension, providing there has been evident support from historical price action and/or a bullish / bearish pintail or rejection evident by an engulfing candle immediately after the supposed support/rejection.
b) Oscillators (Daily/Weekly Stoch as well as the Average Sentiment Oscillator) all providing confluence with a trend line / support level and candle formation.
Maintain 2:1 RR, use retracements as much as possible. If over extended and sufficient confluence and I'm at my computer, consider a market order.
Establish confluence of support/resistance , trend, oscillators, congruent candles (pintail or engulfing reversal).
Perfect flat)A running flat, confirmation in the process.
If it plays out, would be a perfect textbook chart))
Capitulations or fakeouts are good signalsThis is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break.
After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things:
Scare the sellers with bad loses
Add tons of liquidity or volume around these prices.
Plus, the MACD gives a delayed, but great signal to ATH. And the fundamentals are looking great:
www.etoro.com
So, I can do 2 things, go for different mini trades in the 4 hours allocating 0.5% to 1.5% of my portfolio and leveraging those either X2 or X5. Or I can go the low-risk option and add a larger allocation, up to 5%, and just let it be there.
1) Short-term trading (swing trades) with low leverage:
The Pros of this strat are having more capital to open other trades like BTC (which is moving now) or just having cash for hedge purposes.
The Cons is the risky trades as I can lose that capital easier in this way as the short-term trades are usually fewer probability trades.
2) Long-term position with higher allocation.
On the contrary, a long-term position is a higher probability trade, not a time-consuming (a simple SL and TP order would do) position, but it allocates a large amount of capital.
I'll try to do half and half this time.
Let me know what you think about this
$ENPH trading it 3/15below 153
140-147 would be target (intraday)
below 140 130 VERY possible... maybe an overnight or swing position if below 140 near close
#daytrading #optionstrading #options
Watching for RS and moving averages to cross upSolar stocks looking strong. Also, see SEDG.
IBD composite 95
$ENPH Reversal Point - Contacted Monthly DemandNASDAQ: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
Falling Wedge- Bullish - UpdateENPH looking really nice heading into earnings here. After getting beaten down below the 200-Day SMA where it's previously found support, ENPH just reclaimed the 20-Day EMA & is currently sitting on the 20-Day SMA. Big falling wedge on the daily timeframe and massive hidden bullish divergence on the weekly timeframe (Not Pictured). RSI is finally starting to come out of oversold territory as buyer volume picks back up. Bollinger bands are also squeezing (Not Pictured) in addition to some slight hidden bullish divergence on the 4-hour timeframe. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- see previous charts attached below for previous price targets.
- Falling Wedge
- Reclaimed the 20-Day EMA
- RSI Finally Out of Oversold Territory
- Massive Bullish Hidden Divergence on the RSI on the Weekly Timeframe (Not Pictured)
- Bollinger Bands Squeezing (Not Pictured)
- Buyer Volume Picking Back Up
PT1- $143.38
PT2- $145.42
PT3- $146.71
PT4- $148.66 +
--Previously Charted--
