The H & S trade preformed pretty well, earnings def caught by suprise. Seems to finally be a rotation out of Solar and ENPH will be prime (along with a few others that are overbought. Looking for 260, 240 possibly lower as rates and new policies unravel. 200 isn't out of question EOY.
$ENPH is on uptrend on big picture and It is non stop going down for almost one month so It is time to cool down and make some correction or continue it uptrend. We just need to benefit from bounce back.
Entry; $220.30
S/L; $205.91
TP1; $249.09
Please always do your own search and analysis before you take any trade. Do not rely on anyone :)
I am spending...
1. 5. 23 ENPH : This is a great market to follow if you trade the equities markets. I would be looking to buy at this level if I could find buyers. It's a market move slower I would be looking for buyers had a very important support which I explained in the video. This Market has great volatility, and it most likely will give you a great reversal pattern... and...
Downtrending but with diminishing candle ranges and Dojis. The MACD oscillator
has lines crossed under the histogram. Currently priced more than one standard
deviation below VWAP and ready for entry.
See also ENPH, SEGD, SUNW, and the ETF- TAN.
I am bullish on ENPH. Despite there is multiple top pattern, there is a nice uptrend on MA's. I assume ENPH if break recent highs it could make new highs soon.
$ENPH has been showing the characteristics of a Market Leader - I bought last week. Here is why:
1. Confirmed Stage 2 uptrend
2. 11 week constructive base (Cup and Handle pattern)
3. Strong RS rating
4. Breakout Year on EPS
5. 2 Quarter EPS acceleration
Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Nas100 .
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse...
Looking to meet the .5 retracement going into earnings. Unless they have some outstanding news I don't see this momentum dying in the current conditions after the rally solar has had. Watching this into next week to enter on any pops. RSI looks to be oversold but has room for continuation down to around 14ish (D, 14) while the trailing 24 MA on RSI continues to...
Just a quick rehash on the few that I have been closely following of late, especially after the Fed raised rates 0.75%, as expected; but the important bit was in the narrative (not analyzed here).
The NASDAQ futures had 11,900 simply broken through, and the next day followed through with a slight gap down, as global markets react.
The S&P500 ETF, SPY, similarly...
ENPH has been on a staircase to heaven fueled by the govt support on solar energy & the current supply
chain crisis on crude oil & natural gas.
The near term destination of the bullflag will be 387. After that a wave 4 correction may follow before the
final leg up to 498 for wave 5.
Not trading advice
Months ago, ENPH was highlighted, and since then it has been captivating... particularly this two weeks where this appears to be one that stands out.
In the weekly chart (left panel), where the SPY is overlaid in dark blue, ENPH is clearly less correlated and in recent weeks moved opposing to the general market and seems to be keeping to its projected course for...
