Update- See previous charts below- (ICLN & TAN charts below as well) -------- Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run- All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross (not pictured)
hi , but no more support zone ?? where to you think good place for stop lose ?? the old one was 159.50 as i saw
thank you /
jacobosiason7
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@avi417 200-day SMA has previously acted as strong support, I personally don’t use stop losses as I mainly trade spreads, you might want to add a protective put on either the ICLN or TAN as a hedge but certainly depends on you’re position. ENPH solid company through & through. Holding strong since $19
TORNADOF5
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@josiason17420, wow i not even know what trade spreads are , i only know trade swing with stocks , new noob i can say ...
thank you /