After forming an ascending triangle ENPH made a lower high and broke the upward sloping support. After the break, it followed through with a back test of what was once support, turned into resistance. These are signs that the trend will continue to be bearish or sideways at best. the target is $73.71USD where it pivoted to make the previous local bottom.
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 110usd strike price in the money Puts with
an expiration date of 2024-9-20,
for a premium of approximately $16.20.
If these options prove to be profitable...
1) Targets:
#1 TP - $94
#2 TP - $75
#3 TP - $36
#4 TP - $14
#5 TP - $7
#6 TP - $2
2) Revenues are falling due to current conditions in solar industry. Look at peer companies (either layoffs or reorganizations). Most of the analysts revised targets downward.
3) We are in downtrend. Don't fight it, just follow it. As of now there are no indications of trend...
Enphase Energy Inc., a leading provider of solar energy solutions, has recently established a strategic partnership with Octopus Energy Group to enhance its sales. This collaboration is expected to drive significant future revenue growth for Enphase Energy by integrating its solar inverters and battery systems with Octopus's Kraken platform, which manages...
4/23/24 - $vrockstar - could be very mixed just not worth participating bc already have shls position... could be a huge gain or a huge mix; gt's are mediocre which tells me rates are having a decision impact. would probably see this lower
I have been tracking NASDAQ:ENPH for awhile now and I like how it is behaving this morning. I went long 1/2 size and already up $4.50 a share. It is now consolidating on the 5 min chart. I may add more. TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome....
Enphase has been building this ascending pattern for a while now and waiting to see if it breaks above it.
1st target is 155.
It has been holding the hypotonus line and was up by 5% approx today keeping the chart pattern intact.
There's a fair amount of risk, but I am willing to give a long a try. I like ENPH as a leader in solar technology, and I believe that there are years of growth ahead for that industry. After several years of consistently negative ROIC, things started to turn around for the company in 2019. Management telegraphed a difficult environment for 2024. So, I fully expect...
Hi All,
I’ve been looking at this chart for weeks and I can’t help but post a contrarian idea that NASDAQ:ENPH may actually be going down, at least from a wave perspective. Now I could be completely wrong and the MACDs point mildly upward (and maybe we are in a wave 3 up which could launch Enph if it ever passed $140 thus invalidating this idea) but from a...
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....
I love the setup here on NASDAQ:ENPH as well. We got long around $79 back on first couple days of November, I think it's only just getting started.
Over 94 target 101.51-106.19.
Over 107 target 120(Gap fill 115.56)
With some more time i think it could also retest 156
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...
Earnings today were deemed by wall street as "good enough".
That may be true, and the stock may be up today, but Revenue dropped 58% to $302.6 million, from $724.6 million a year ago.
--> Since revenue has started declining, the stock is down.
Market estimates expect a decline in revenue in 2024 vs 2023, so unless the correlation changes, or unless the company...
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...
1. regain of MAs is important
2. 0.5 Fib retrace reached
3. RSI and STOCH RSI reset
4. MACD slowly turning bullish
SL 101.10 $
TP 0.5 (158 $) and 0.618 (189 $) retrace of ATH
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