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 trade ideas
$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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Enphase long/short So here we have an easy ta from ENPH.
I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go.
There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in.
If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up.
Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed.
Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22.
So good luck.
Any comments are welcome :)
ENPH Approaching Support at $47.50After a large selloff when it hit the 52 week high 2 weeks ago, we are now looking approaching the support at $47.50. Assessing the risk/reward and the stock being oversold according to the Stoch RSI, price around $47.50 seems to be a good price to buy, hoping for a rebound.
ENPH doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
→ CCI <-100
Awaiting buy trigger
→ Price retrace to around $47
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
ENPHASE (ENPH): This Chart is Absurdly Bullish✨ New charts every day ✨
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Enphase (ENPH) has been an absolute beast, not just in terms of its chart, but in terms of other factors like earnings. After another quarter of strong earnings, the premium the market is willing to pay for this microinverter maker makes sense. Despite some risk due to a potential slowdown in the months ahead for the industry, we think there is still room to play the uptrend. As such, all we are looking for here is enough of a pullback in price to give us a long entry.
Resource: seekingalpha.com + www.fool.com + www.greentechmedia.com
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1. Fractal Trend has been showing an uptrend (Aqua bar color) on the 4 hour timeframe for almost 2 years now. There has rarely been a bad entry since then.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua).
3. We are currently assuming the uptrend will continue, and as such are looking for a pullback to the nearest relevant support level to enter long. S1 looks like it will give us a great entry if ENPH can pullback enough to let us in.
4. This trade only has two relevant exit conditions. Either we close at our target, or we close if our stoploss is hit.
5. If for whatever reason S1 doesn't hold, we have mapped out a few other key levels to watch in the future. S2 is a good candidate for support on a deeper pullback due to the orderblock and S/R flip. S3 is the last support before the price inefficacy gap below. And S4 is a major support range that represents a final hope for Enphase bulls if S3 can't hold.
6. Lower levels aside, the idea here is simple, we are taking a stock that is in a strong uptrend, looking for a solid entry in that uptrend, and then aiming for an exit that offers a solid risk to reward ratio.
Good luck with this one gang!