PatternsPatterns looking bullish long term bearish short term into close up earnings then upwards after reporting earnings to complete the same W patterns on the daily within the huge trend lines that have stayed up opposed to crashing down, strong momentum likely to continue if all goes well with the company, and the company does very well. To sum it up I'd hold or a weekly short until earnings and wait to buy or go long just before earnings at a lower price than today to catch the rally up after reporting... : )
ENPH trade ideas
#ENPH to 390$?Hello dear Traders,
Here is my idea for #ENPH
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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Enphase Energy Analysis 18.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100 .
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
ENPH - Big play potential here! Massive Double TopEnphase Energy, leader in Solar & Green Energy Sector.
Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs.
While the stock is testing all time highs, it is still very overvalued with a P/e of 150.
The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge.
What I see:
- A clear Double Top being Printed in Large Supply Zone
- Rising Wedge
- Overvalued
- Hasn’t got Bear market hit yet
Risks :
Earnings Growth
Market Meltup rally
Break above zone from possible cup & handle formation.
ENPH - Continued DowntrendLooking to meet the .5 retracement going into earnings. Unless they have some outstanding news I don't see this momentum dying in the current conditions after the rally solar has had. Watching this into next week to enter on any pops. RSI looks to be oversold but has room for continuation down to around 14ish (D, 14) while the trailing 24 MA on RSI continues to trend down. MACD also showing continued strength down.
ENPH: Pull Back + Bounce + Active Level RetestBig Picture:
Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?)
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Setups:
07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying
08/02/22 - 09/06/22 Volume Accumulation
09/15/22 - 09/21/22 Volume Accumulation
09/22/22 Aggressive Selling
09/26/22 - 10/04/22 Volume Accumulation
10/05/22 - 10/07/22: Aggressive Selling
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Intraday Technical:
ATR: 16.13
ATR (200Day): 14.42
DTR: 16.95
%: 105.00%
RVOL: 0.82
Rel Vol (Finviz): 0.75
RSI (14 Day): 30.64
RSI (200 Day): 52.51
Volume: 2,884,739
AvgV: 3.83M
Ch% (FINVIZ): -4.35%
FS%: 3.31%
Shs Outstanding: 135.20M
Shs Float: 132.68M
Inst Own: 75.10%
2 Day VWAP: 244.6
Weekly VWAP: 250.33
Monthly VWAP: 263.01
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10/13/22
Open: 248.73
HOD: 254.21
LOD: 237.26
Close: 244.59
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Key Areas of Support:
216.82
230.14
245.49
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Key areas of Resistance:
257.08
283.43
295.02
315.29
Inflection Point:
245.35
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Trade Plan:
Look for a pull back to 237.64
If pulls back to 237.64 and see absorption then start long.
If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line.
If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline.
Take original trade to PT 3 and sell
Risk/Reward: 20% of ATR $2.88
Entry: $237.64
Stop $234.76
Exit: $249.18
PT 1: $240.52
PT 2: $243.41
PT 3: $246.29
PT: 4 $249.18
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.