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tangman
Dec 4, 2019 5:06 PM

[Long Idea] ENPH 

Enphase Energy, Inc.NASDAQ

Description

ENPH poking out of a weekly bull flag here, also above its 50ma with the 9ema crossing over steeply.

I would like to see it pull back for a day or two to get a better entry, but that doesn't have to happen. Keeping it on watch for now.

Energy is a fundamentally bullish sector (in my opinion) going forward. Higher Oil prices will also drive market demand for solar, on top of already strong political demand for electrification.
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