lauralea

So What to do Now?

NASDAQ:ENPH   Enphase Energy, Inc.
Re-evaluate and see what is going on and calculate new targets.
Downside targets have been met and this is still going down in spite of dipping in to oversold territory for a while now.
Bollinger bands are set on 80 and price is hanging on to the bottom band.

I took a look at this on weekly and drew a fib table. This one is STEEP so there are a lot of buyers inside this security which equals a lot of potential sellers.
This chart is very difficult to work with due to the very steep trend up. I almost gave up after I looked at weekly 3 times trying to figure it out before I saw anything.
It is hard for me to read charts using a fib table when it is extremely vertical for a long time, and I do depend on fib levels. Not everyone does as we are all different.

Earning's date is not clear and I see 2-7 and on other sites I see 2-8. Analysts seem positive. The numbers to beat are virtually the same as last quarter.

No recommendation except be safe. This is borderline parabolic on weekly and what goes up must come down. It is due another bounce soon perhaps.

Adjusted targets in orange with T1 being larger type than T2 and so on.



EPS (FWD)
4.35
PE (FWD)
52.49
Div Rate (TTM)
-
Short Interest
3.69%
Market Cap
$31.05B
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