josiason17420

Bullish Going Into Earnings- Update

Long
NASDAQ:ENPH   Enphase Energy, Inc
ENPH is looking really nice here heading into earnings . All previous price targets were reached and the gap on the upside has been filled. Last quarter ENPH sold off on a slight earnings miss however 9 times out of 10 they will beat on earnings . Would like to see ENPH start to outperform other solar manufacturing companies such SEDG with respect to price action- but will certainly be looking for a gap-up and breakout from this triangle. 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 - Previous charts are attached below - Bullish all the way

- Falling wedge on the weekly timeframe (See Chart Below)
- Flagging on the hourly timeframe (Not Pictured)
- Slight hidden bullish divergence on the RSI
- SMA's converging and beginning to curl upwards
- Symmetrical triangle on the daily timeframe

PT1- $176.03
PT2- $182.30
PT3- $189.36
PT4- $191.48

Weekly Timeframe

Previous Charts-
Comment: All Price Targets Reached ✅
Trade closed manually: ENPH 11/19' 200 calls closed circa 625%