Enphase Energy, leader in Solar & Green Energy Sector.
Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs.
While the stock is testing all time highs, it is still very overvalued with a P/e of 150.
The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge.
What I see:
- A clear Double Top being Printed in Large Supply Zone
- Rising Wedge
- Overvalued
- Hasn’t got Bear market hit yet
Risks :
Earnings Growth
Market Meltup rally
Break above zone from possible cup & handle formation.
Enphase has recently seen parabolic performance skyrocketing the stock to All Time Highs.
While the stock is testing all time highs, it is still very overvalued with a P/e of 150.
The bear market has not taken its toll on Enphase yet, while it has been rising in this clear rising wedge.
What I see:
- A clear Double Top being Printed in Large Supply Zone
- Rising Wedge
- Overvalued
- Hasn’t got Bear market hit yet
Risks :
Earnings Growth
Market Meltup rally
Break above zone from possible cup & handle formation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.