Enphase: Buy Territory (low risk/high reward)Enphase is a solar company that's been growing strongly, fundamentally. What I particularly like about this stock is that unlike most others, it has been making new highs in 2022.
Technically, it's sitting just below it's 200 day bollinger band and is due for a bounce to the mean, but may very well put in a new high.
Note a Q3/Q4 recession would likely bring most stocks to new lows.
ENPH trade ideas
ENPH ENPH Funnel Setup with stagger price points and Vertical date focus of the potential prohection. Must break above the 187-213 chop accumulation zone for this meltup to happen.
Currently I see the doji to bearish engulfing candle
I expect a potential drop for 1-2 more weeks before we see a Higher high candle stick to confirm the reversal of trend.
Watch out for the lower if you fail 156 the potential drop support at 139
This is just my rant of potential movement. Not financial advice.
Enjoy the show
AsianPicasso
Enphase Keeps SlidingSolar-equipment provider Enphase Energy has been sliding all year, and some traders may see risk of further downside.
The first pattern on today’s chart is the falling trendline along the highs of December, April and June.
Second are a series of instances where old support became new resistance. For example, ENPH made a low of $262.60 in November and peaked near the same level in mid-January (without successfully closing above it). Similar price action occurred in February and mid-April versus the October low. June 2 also saw resistance at the April trough of $187.15.
Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in mid-February.
Finally, MACD turned lower against last week.
Will these considerations prompt traders to expect a test of the 2022 low around $113?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
ENPH basing for a move towards the consolidation range above?ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA.
This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well established resistance level al 230.50 ish.
All info is on the chart.
NQdecipher
i.Wish for a volatile session buy 200c expired in AugIts next earning: July 25
I'm trading it to $210 into its earning.
Keywords in Media coverage:
expanding its market presence
rising demand for solar energy solutions
allowing homeowners to gain more savings
enhancing its competitive edge
was indicative of these growing tribulations
buying the stock
leading to its price moving higher
manufacturing fully integrated solar-plus-storage solutions
ENPH looks Doomed if this Wyckoff Distribution Plays OutIve discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below.
Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a downtrend. I am concerned about the lack of a clear downtrend after creating the false break. Notice the higher lows being created by the wicks in the lower portion of the channel. Long lower wicks with relatively small/avg volume suggest that selling pressure is weak. If that is the case, big money is not yet ready to take this lower.
I will be monitoring this price action closely and looking for more false breakouts and retests of the upper channel. I plan to build short positions above $200 if the opportunity presents itself. Price targets to the downside include $95, $60, and $35.
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
$ENPH: Mean reversion towards earnings resistance?I think NASDAQ:ENPH has a very low risk buy setup here. I already bot it during Friday, but you can enter pre market or during Monday's session safely.
Stop loss a bit below the $159.06 level would do.
Aim for a 6 business day rally from Friday, with potential upside to the level where the stock reported quarterly earnings recently.
@timwest found these levels to be of extreme significance, you can see how this 'Key Hidden Level' acted the last two times it was tested in the prior quarter.
Mad props to him for teaching me these methods.
Perhaps NASDAQ:FSLR 's acquisition news made investors think more M&A could happen in the solar space, certainly an interesting oversold level for long term entries here as well. Let's see how it goes.
Best of luck!
Cheers,
Ivan Labrie.
ENPH has been great, lets squeeze some more trades out of itENPH has been very busy dropping from $320 to 190ish. Called the bounce last week before the weekend from $210 to 187-190s. Obviously in a downward trend but man this thing can move. If you didn't know you can see one of the institutionals' dumped their shares over the last couple months. Check the chart at the bottom see the ramp up of volume. That's the supply taking on inventory at an over excessive rate. which starts the downward plunge from the $320s. Now as it approaches phase C (the part of the trade where smart money decides to pick this back up or let it go) At this price it might need to dump more to be more attractive. I used ChatGPT to make my own indicators and the ESVO is a way of looking at price and volume normalized. This opened my eyes to some things happening on the chart, I Never noticed before. But you can actually see the profits being taken, stop losses being hit, fomo kick in... watch supply and demand spike while the price action is unfolding. Using Higher and lower time frames you can get great idea of whats happening in the market. when demand is spiking or when supply is oversaturated. Key areas where stop losses are being broke you get a massive spike on the chart with the indicator, which sheds light on what you need to focus on at that moment. If its spiking 5x larger than normal, it means shares are being bought and sold at a rate extremely larger than normal. Meaning, if price action is bullish, and this happens: 1. if Price action continues to move up at a 45 degree angle durring this surge of shares, your stock is very bullish and its about to pop once it clears out all the shares. 2. If price action starts to look weak, it will take a dip and do a mini re-accumulation depending on time frame it could be 5-17 candles. 3. if Price action was already weak and it spikes (basically consolidating or long range consolidation) Price will most likely go right into distribution mode and drop to the next control box or node.
Another way to use this is just like you would an EMA, if price crosses it, it will most likely be very aggressive as it goes across and continue or pull back to bounce off the ESVO before continuing its new trend.
When the lines are flat it means everything is avg or balanced which doesn't happen very often. Its not uncommon for Price to have to attempt to cross one of these three times before succeeding.
If it fails while trying to cross it will most likely pull back and try with more volume. At this point pay attention to if the volume continues or dies off. Sometimes Crossing is the catalyst that sends it moving higher or lower.
A lot of the time your highest area of volume and price is where these lines will oscillate or go flat across.
There is literally an indefinite amount of ways you can use the ESVO. I set one to a certain setting and based on what price action is doing around the ESVO I can wait for an indecision and know its going up or down on higher time frames. Which is great for finding trade setups.
Anyways, let me know if you have any questions. If any of these ideas peak your interest pls like/ follow/ sub/ and most of all pls Boost so we can all enjoy watching it prove me right or wrong.
Thanks again.
by iCantw84it
03.30.23
Enphase dumping hard and being downgraded!Enphase is overreacting to the downside today right into major support lines, it is piercing through these levels currently but I think a reclaim of these levels could provide a bullish setup. Also, Enphase report a surprise earnings beat of almost 13%. Weird price action for those earnings.
Solar Power Surge: ENPH Breakout Trade with Williams AlligatorEnphase Energy Inc. ( NASDAQ:ENPH ) is a solar energy company that designs, develops, and sells energy management systems for the solar industry. On the daily chart, the Williams Alligator indicator is currently showing a bullish trend, indicating a potential buying opportunity for traders.
Trade Idea: Based on the bullish trend identified by the Williams Alligator indicator, a breakout trade could be initiated if the stock price breaks above the resistance level of $231.44. A stop-loss order could be placed at $222.23 to limit potential losses if the trade does not perform as expected.
The Williams Alligator is a technical analysis tool that uses a combination of moving averages to identify trends in the market. The indicator consists of three lines, each representing a different moving average: the jaw, teeth, and lips. When the lines are intertwined and moving in the same direction, it indicates a trend in that direction. In this case, the Williams Alligator is showing a bullish trend, suggesting that the stock price is likely to rise in the near future.
$ENPH Long the Leading Solar Company. Alright. Bringing TV another idea that i took about a week ago; for a very serious swing.
Fundamentals-
NASDAQ:ENPH has been the leader in Solar development for a long time. Sunrun Jinko, SEDG, CSIQ, etc are not comparing to how this company is performing.
Now, they are shipping their most advanced products to Europe to begin the international market takeover.
NASDAQ:ENPH had a monster rally in Q3-Q4 of 2022 while equities were tumbling consistently, I watched Enphase run the peak of its bull market around 320.00. While Tech and the overall market were crumbling daily.
I did an extensive research project on this company in 2020. And my logistics company actually delivers their product to homes here in South Florida. So I've actually got to see this product first hand. As well as many others.
Technicals-
We just ended the bear cycle that lasted about 20 weeks. About 5 months.
With oil prices due to rise (Opec) Oil Production cuts. This is an exact confluence to heightened attention about renewable resources, putting NASDAQ:ENPH back into the spotlight once again.
_Bear Market Ending_Technical break higher today. Ending Bear Wave.
Positioning.
I am running the 310 Aug 18th Call. for 7.00
Cheers, see you guys at 300. IT won't be smooth, but the last run took about 90 days to complete. Be sure you get enough time on your swing.
A good entry is around 200.00 flat if we pull back again.
Cheers.
ENPH - Long Cup and Handle FormationEnphase is in a long "Cup and Handle" formation. This is great for the long term investor. By July of 2023 I see ENPH around $300 or higher especially as inflation dissipates and they continue to expand their solar products around the world. It could be a longer stretched cup and handle which will be figured out in the next month or so...
ENPH: Energize Your Investments with a Leading Solar CompanyOne key factor that makes ENPH an attractive investment opportunity is the rapid growth of the solar energy market. According to a report by the International Energy Agency, solar power is expected to become the largest source of electricity by 2035, with a projected compound annual growth rate (CAGR) of 18% from 2020 to 2025. As a leading provider of energy management systems, ENPH is well-positioned to benefit from this trend.
In addition, ENPH has a strong financial position. The company has consistently posted strong revenue growth over the past few years, with a revenue CAGR of 50.4% and 67.8% from 2015 to 2020. Furthermore, the company has a solid balance sheet with no long-term debt and a healthy cash reserve. This financial stability puts ENPH in a strong position to weather any potential economic downturns or market volatility.
Finally, ENPH has a strong track record of innovation and product development. The company has a robust research and development program and has consistently introduced new and innovative products to the market. This positions ENPH to stay ahead of its competitors and to maintain its position as a leader in the solar energy industry.
In summary, ENPH is a strong investment opportunity due to its position in the growing solar energy market, strong financial position, and track record of innovation and product development.
ENPH testing some weird ideas while using ChatGPTim using some weird things here that I saw when making an indicator and am putting it to test. the path is drawn so im saying the price should oscilate between the paths then when it hits the green area it should make a move back to the last high. find resistance there. re-accumulate and then try and gather up more shares to take that hi. the move is cooked by the red line if not the one in the middle. the consolidation phase should be done by the green and start the green path. not financial advice just a game i like to play.... buy under $183.50 sell anything 191 before the green path....sell anything before $200 after. out by mar 24 to be safe....mar27th if continuation which would be around $204 if lucky.....
of course if any of this intrigues you lets hit the boost button so we can all track it, like and follow.
by iCantw84it
03.19.2023