xenatom29

ENPH into earning

Long
NASDAQ:ENPH   Enphase Energy, Inc.
the pattern that is forming is very similar to the pattern for the run up to earnings on Feb 8th. The current pattern is just on a smaller scale. There's a double tap at the top of the +2 Regression trend. 9 is crossing the 20 SMA to the down side. BB is starting to squeeze and RSI is facing down. There is a nice support ledge at 163.40 on the volume profile. If that fails, look for 152.65. I think that those two consolidation levels could hold you through earnings, before we see another trend to the upside. (Solid lines with arrows on the chart)

Or it could follow the last earnings and just tank and then recover (dotted line)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.