ENPH is quite a volatile stock. It’s been a multi-bagger since the 2020 elections. This has been hammered lately and looks like bottomed out.
Recent uptick in volume showing signs of recovery.
Long - around 100ish Stop loss - 85
Target #1 - 175 Target #2 - 230
So much of supply ahead, won’t be a smooth ride. And note- this one has political risk as well. Manage your risk and position size carefully.
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Today’s after hours earnings move confirms with a strong volume and up13%
Trade active
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Added some more commons this morning, This is very high momentum and volatile stock. Not planning to go heavy on this name. This is relatively small position in my portfolio though.