Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when...
Enphase is back on the uptrend. But ENPH must pass the price barrier first.
ENPH is quite a volatile stock. It’s been a multi-bagger since the 2020 elections. This has been hammered lately and looks like bottomed out. Recent uptick in volume showing signs of recovery. Long - around 100ish Stop loss - 85 Target #1 - 175 Target #2 - 230 So much of supply ahead, won’t be a smooth ride. And note- this one has political risk as well....
SPWR is a volatile penny stock; solar energy is hot right now. ENPH is the slow and easy big cap play. This one is high octane and can go from overdrive into reverse when the shorts catchup. As for me, I will chase this and setup a trailing loss when the sun goes down. I have alerts set up for death crosses on the moving averages or the mass index triggers....
Reasons for bullish bias: - Price formed HH, and has broken strong trendline - Safe entry at breakout HH for bull trend confirmation - Simple DOW theory Entry Level(Buy Stop): 142.49 Stop Loss Level: 90.71 Take Profit Level 1: 194.27 Take Profit Level 2: Open
Enphase Energy (NASDAQ: NASDAQ:ENPH ) stands as a beacon of innovation and resilience. Despite facing headwinds in the form of inventory issues and shifting market dynamics, the solar inverter maker is charting a course towards a brighter future. We delve into Enphase's recent developments, strategic shifts, and the prospects that lie ahead. Navigating Short-Term...
If you haven`t sold ENPH before the previous earnings: Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week, I would consider purchasing the 102usd strike price at the money Puts with an expiration date of 2024-2-9, for a premium of approximately $7.65. If these options prove to be profitable prior...
The Invesco Solar ETF is based on the MAC Global Solar Energy Index (Index). The Index is comprised of companies in the solar energy industry. Wall Street investors have only short-sold the future of the planet! They have shorted all the players that could be a solution to climate change (personal opinion). With the upcoming U.S. presidential elections, I...
Who says you cannot make big returns on ETF's? AMEX:TAN the Solar Sector ETF Is on fire. It looks like rotation back into the beaten-up sector. Names Like NASDAQ:FSLR and NASDAQ:ENPH up even more. Rather than take the risk on an individual name I have opened a ¼ sized position in this ETF. I will be looking to bring this up to a full-sized position on any...
*Posting this a couple months late since I've been more preoccupied with Crypto Saw a lot of people calling for $400s in August since price looked to be finding a bottom around $150, but felt the rate environment and overall outlook for S&P would make this nearly impossible to happen. Took a contrary position due to believing price should be around pre-covid...
This is a chart of Enphase Energy (ENPH). For those who are not familiar with the company, Enphase Energy develops and manufactures microinverter systems for the solar photovoltaic industry. They are one of the preeminent companies in solar power. Recently, price gapped up on the daily chart following news that Congress would pass legislation to fund sustainable...
Sitting right at support and it can have a dead cat bounce towards 190. If it stays at current prices for few weeks, then may not be likely to bounce back.
ENPH is in the energy sector which has been strong in the past couple of weeks. On the 2H chart over the past two years visible, ENPH is just above its support. It is about 50% below its pivot highs of 9-12 months ago and in a parallel descending channel. I believe that ENPH is now set up for a 50% retracement of the Fibonacci type. Fundamentally, two or more...
If you haven`t sold ENPH here: Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week, I would consider purchasing the 170usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $22.15. If these options prove to be profitable prior to the earnings release, I would...
Looking at a weekly chart for ENPH it appears that prices is currently attempting a brake of its down trend since December of last Year. Currently price has been consolidating a sideways range that inevitably will brake one way or the other. IF the market is TRUELY bullish we would expect this trend to brake and price to rise to the top of the value area and...
ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA. This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well...
Ive discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below. Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a...
NASDAQ:ENPH long call options over 182 for 193, 199-201, 211.