#GNRCHome generators
not sexy .... but implies a greater need or lack of trust in the electrical grid
GNRC
GNRC Generac reverse to mean scenario$GNRC has been consolidating in a tight box for few day. If breaks up - watch for a low risk play. TP 145 (there is a gap needed to close) and SL below 95 (about 5%).
GNRC - Another Sideways Cup and Handle Cup and handle formation again on the side
Similar scenario to my previous cup and handle post
GNRC - Familiar Tops Bars pattern placed suggests a similar top to that which was seen earlier in the prices evolution
Top point is indicated with the Hammer emoji
All of this while the Major trend line in green is intact
Generac Holdings - time to pullbackWe got a five waves down sequence, and with the fib levels applied we may assume a complete impulse.
I do not recommend to trade in isolation from the higher timeframe structure, but in general we may expect at least a corrective set back, that, on a daily frame, seems quite substantial.
On RSI - a divergence is forming between the waves 3 and five, that is also typical for the impulse to be fading away.
GNRC Look at the world & see why disaster stocks are pumping! Bullish on GNRC with all the natural disasters going on this is its season. Earnings came back ahead of predictions. I see this breaking new highs here in the next 3 months.
by iCantw84it
08.09.2021
Where is Enphase Energy Moving Next?Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42.
Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its peaks about 30-days before earnings.
Looking back at the chart could help us understand where ENPH might be heading during July 2021.
Solar and energy storage stocks have been heating up as governments push climate agendas including possible tax credits for each stage of the solar manufacturing supply chain, tax credits for homeowners to install solar power, and other possible incentives and initiatives.
Another company that has benefitted from the current environment is Generac Holdings NYSE:GNRC . They also had an amazing month of June 2021, up over 26% and 84% YTD. Sure, with GNRC the weather plays a role as they sell many generators, but they are also ramping up on their energy storage solutions just like ENPH.
ENPH has a premium micro-inverter product and a growing energy storage business. This has given many analysts reason to place a buy rating on ENPH.
Now looking back at the chart. Comparing the two time periods, then and now, you can see that after the runup in 2020, ENPH consolidated up until earnings were released, and for about 7-days thereafter. Then, there was a spike in volume setting off a bull run that finished the year of 2020 and pushed the stock even higher into 2021. This rally set a new all-time high on January 7th, then another all-time high of $229 on February 10th (right when earnings were released).
Next, we had the great tech rotation sending any stock related to technology lower over the next 90-days. ENPH hit its low of $108 on May 11th. Since reaching the May 11th low, ENPH has climbed 73%, just another 18% and ENPH will be hitting a new ATH.
Now, here's what you came for. Where is ENPH moving next? Well, if history can be our guide, and yes, history doesn't repeat, history rhymes, then we should expect ENPH to start consolidating with a mix of green and red days until earnings. One thing on the chart that is different this time around is lower volume. Now after earnings are released it's anyone's guess. A beat on earnings could push ENPH to new all-time highs and a miss could give long-term investors a great entry point on a stock currently trading at a premium.
Now I will hand it off to you. Where do you think Enphase Energy is moving next?
Short-Term Bearish/Long-Term Bullish. GNRC Flashing Entry's GNRC isn't one to give great indication on when to enter, the good long term runners rarely do.
Looking a little bit forward, GNRC flashing a potential accumulation set-up for another mark-up.
My trade idea here is a break down into lower checks of support labeled on the chart between $308-$314 and $325-$330.
-Accumulating an average of around $318-$320 would manage risk well based off of the potential moves into support.
Analysis of Recent Winning 5th Wave Trade on GNRCOn October 15th 2019 we posted a trade idea on our TradingView Profile >>>HERE<<< for a potential 5th wave long swing trading opportunity on GNRC.
This video explains the subsequent bullish move to hit our original 5th wave target and then a further 5th wave swing trading opportunity. This is a great example of our Elliott Wave Indicator suite in action during strong trending moves on Stocks, but is also as effective on Forex,Futures, Commodities and crypto currencies.
GNRC potential Long 5th Wave MoveUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for GNRC on the 1 Hr timeframe. This potential 5th wave long has to breakout today for the trade to be effective before the end of the week.
Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $90 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move, but we must enter today when price moves up through $84.84.
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
GNRC Day Trade Retest Gap (Brad Reed Feb11,2015)GNRC expected to open at 51.15 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
