✨ New charts every day ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
Enphase (ENPH) has been an absolute beast, not just in terms of its chart, but in terms of other factors like earnings. After another quarter of strong earnings, the premium the market is willing to pay for this microinverter maker makes sense. Despite some risk due to a...
$ENPH continues to be on a tear in recent trading sessions, helped both by technical and macro factors.
On the macro front, the headline risk of a trade war has finally receded as the US and China signed their trade deal in January 2020. This has helped to roll back some dark clouds as it relates to global trade flows, especially for geopolitically sensitive...
Enphase Energy is gaining momentum as it continues to defy the overall bearish sentiment of the stock market. It gapped up on High Frequency Trader action recently, and is continuing an upward trajectory.
Understanding The trade:
As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 8/16 I will be looking to take profit by late July as the rate of decay factor starts to come into play as the contract approaches expiry....
Pull Back Trading
Price above the cloud ( bullish )
Above 200MA ( bullish )
Buy $7.23
Take Profit $9.09 and(or) $9.65
Stop Loss $6.60
Thank You
All comments are welcome
ENPH is a stably fast grow solar company that gives a real fight to solaredge (SEDG)
as you can see on the grap 4 area was a support area for the stock . on the weekly there is a 2 pattrens that formind - small W and cup and handle.
But and there is a but - due to the market volatility i want to take this trade with a tied stop.
G luck !
ENPH has broken the falling channel with a huge impulse to the upside. Now it seems facing to a resistance area. Look for a potential retest on the breakout level if you want to go long. Bullish divergence on 4h chart.
