ENPH trade ideas
$ENPH Enphase Energy Long on Tuesday
Up 67 % from the previous earning report makes it somewhat of a risky hold into earnings.
One major positive is the way in which the stock reversed 12% last Thursday after touching
the long term trendline (blue). This is a good signal that buyers are willing to buy any dips.
Tuesday we will look for a trade on a deal from the downtrend , with the targets as per chart.
#ENPH Long Term Investment!!-Thank you for reading this idea! Hope it's been useful to you.
-Remember this analysis is not 100% accurate.Use it with your own risk.
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ENPH or SEDG or TAN - Lockstep CorrelationSolar Edge stays on my buy list, but Enphase keeps a direct correlation to SEDG with similar P/E ratios, but at the quarter of the cost. Further correlation with the TAN of course, but if you want to track the two inverter companies, you can do so with TAN and at least get dividends :)
$ENPH possible bullish #breakout from C&H pattern on daily$ENPH has a beautiful cup&handle pattern from where it has tried several times to breakout
MACD looks very good crossing up and turning positive, RSI is at 69 but this stock has a history of melting up in overbought area
Company had ER yesterday , beating the expectations and the move up was on 2.5 times more than the 20MA VolAvg
Also worth noticing the 20EMA crossing the 50 EMA a month ago and the reason I am bringing that up is that on the previous 2 dates when this happened the stock rallied from 22 to 59 ( that is 2X) and respectively from 36 to 70 (also 2X)
Coincidence or not the measured move from the breakout of the pattern is 96.81 (last 20/50EMA cross stands at 48.63 and if recent history repeats 2X means... you got it 96+)
Good luck,
TA
Data to BUY ENPHASE ENERGY DailyHey traders, ENPHASE ENERGY is in a bullish moment low traded purchase volume, it gives a fake bearish signal on the TIMEFRAME 15 Minute. We can seeing a buying force exerted in this situation, it leaves to reach a new high to arrive in a decision zone at the level of 73.93.
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$ENPH Enphase Energy Earnings Trade
Making a strong move pre earnings will look for
entry on any dip at the Open.
$70.00 is All Time High resistance
$79.00 First Fibonacci expansion target
$SEDG may have given us a look at what to expect from earnings
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