$ENPH: Mean reversion towards earnings resistance?
I think
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
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 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
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.