Recently China's been catching a bid and Solar's been one of the leading industries in the market. One thing I don't like is JKS has been one of the weakest players in solar. I always want to be focused on the strongest name in any sector. In the medium to long term that trend is likely to stay in place. But short term we might see some catch up in JKS vs...
Enphase Energy, Inc. ( NASDAQ:ENPH ) Sector: Electronic Technology (Semiconductors) Current Price: $305.70 Breakout price trigger: $309.30 Buy Zone (Top/Bottom Range): $296.25-$264.35 Price Target: $419.30-$446.00 Estimated Duration to Target: 223-230d Contract of Interest: $ENPH 2/17/23 340c Trade price as of publish date: $40.50/contract
Shoals Tech Grp p is a leading provider of electrical balance of system or “EBOS” solutions for solar photovoltaic, energy storage and eMobility. IBD ranks NASDAQ:SHLS in number 6 of its industry and has a 95 in its relative strength rating. Looking at the company's valuations, pure fundamentalists would say it's overvalued. But, the technicals clearly signal...
Renewable energy stock moving on volume. Play the leaders! You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Highlighted previously, two months ago, ENPH exploded 50% to the upside against the major market move. Then it went into a consolidation phase for a month, and it appears to have broken out of a flag pattern. And by pattern projection, there is another potential 25-30% upside to this move. The daily chart shows the breakout and possible engagement point (white...
Enphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the USA and internationally. Above resistance Above 50, 100, 200 SMA High volume Solar energy theme Stop loss - 273.71 Profit - Trail stop loss
A breakout has occurred of a large up channel This breakout was caused by a slightly oriented symmetrical triangle Similar situations in grey circles / comparable points / interesting points
Fundamental Indicators: Sector – Technology US Business Cycle Stage – late cycle, when this sector is not favourable Revenue – explosive growth for the past 5 years, 40% 5-year average Profits – consistently growing since 2020 Net margin – decent 11% for tech company P/E – extremely high at 195 compared to S&P500 with 21 and Technology sector 27 ...
Cup and Handle dream pattern with triangle handle. Earnings history very strong beating estimates consistently. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
This came up on my screener... ENPH Reading abotut it was intriguing as this was interesting as it develops, manufactures, and sells solar microinverters, energy monitoring software, and battery storage products. Given the expected surge of crude after the current retracement, and the sustainability trend, I find ENPH intriguingly positioned. Technicals flagged...
TAN solar etf together with its main component ENPHASE energy has been on a tear lately. ENPH made a W-pattern in 2021 & is again repeating it this 2022. It currently made a double top at 283 but shows no sign of rejection yet. If it retraces then the W=neck at 222 will be retested. But if it breaks above 328, then the Fib 1.272 at 328 will be the next target. Not...
NASDAQ:ENPH has had a great run, breaking above the resistance level with a decent volume. Most US solar stocks have done well this week. It's probably a good thing for NASDAQ:ENPH
big down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength. TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
SEDG has been holding this symmetrical triangle for quite some time now, broader market conditions permitting, will certainly be looking for a breakout to the upside going into earnings and as a sympathy play for ENPH, which has earnings on 7/26'. SEDG has some nice bullish divergence on the RSI as buyer volume increases relative to seller volume. SEDG is flagging...
Enphase Energy is a solar stock setting up in a textbook breakout pattern. Pullbacks have shallowed from over 50% at the start of the bear market down to 14%. This volatility compression shows accumulation in the stock and a transfer from weak hands to strong. The numbers are tremendous on this one. As you can see from the MarketSmith numbers at the bottom of the...
I bought ENPH because its price is above the MA 35/13 and above the trend line. My stop $168 and target $220 is on the chart. MM 1.67
A major Trend Line reclamation has taken place on ENPH , right now the price above the trend line is acting as a flag from a bullflag I expect bullish results due to this major Trend Line reclamation
ENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from...