The weekly and the daily both line up clean on enph and the are following the Fib levels up. Each of the moves have been measured moves. The first move from 1.39 to 7.63 was 634 points and the move retraced 38.2% to begin the current move. This move started at 3.76 a 634 point move be near a completion of the 2nd move near 10.01 the rejection area. I'd expect...
The weekly and the daily both line up clean on enph and the are following the Fib levels up. Each of the moves have been measured moves. The first move from 1.39 to 7.63 was 634 points and the move retraced 38.2% to begin the current move. This move started at 3.76 a 634 point move be near a completion of the 2nd move near 10.01 the rejection area. I'd expect...
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
Buy above yesterday's high 7.60. See the chart for more details.
Please like, comment and follow if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
So, assuming this weekly candle holds up, ENPH has a really nice TTM momentum squeeze setup on the weekly chart. For comparison, the last time ENPH had a squeeze breakout like this was July 2014. Here's the chart:
Over the course of ten weeks, ENPH ran from sub 10.00 to a high of 18.00! Past performance in no way...
The test for the immediate future will be to see if ENPH can hold its price above the resistance line formed from June 27 and Dec. 4 highs. The RSX says it's moved into oversold territory, but historically ENPH has shown the ability to push the RSX much higher than 70. I'm watching the DPMO crossover closely on the daily chart. If it stays green a few more...
The 30-min chart shows that the EMA20 has already crossed above the SMA50, and the SMA50 is about to cross above the TEMA50/100/200. The TEMA50 has already crossed above the 100 and is quickly converging on the 200. These crossing patterns have preceded strong runs for ENPH since September. Yesterday it broke through the upper resistance trend line for this...
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 !
NASDAQ:ENPH forming pretty big H&S here.
What to look for the short:
a Daily 8 / 9 TDsell SetUp not much higher than left shoulder
or
a bearish color flip on the daily candles without breaching daily swing high.
Will Update if short taken.
Enphase Energy Inc. (ENPH), Temporality 5D.
Following a downtrend; on Oct 24 an inverse head and shoulders pattern is shown in the chart. despite the first shoulder has the same height as the head, a breaking of the neckline occurs, reversing the trend to an up trend. A rise of volume at the moment of the breaking, confirms the pattern.
I see a pennant pattern formed here and the current uptrend although short has tested the last support level. How can we tell if this pennant (rest) is part of a new trend to the upside and go long just yet ?
I've been watching ENPH for a couple of months. Recent retracement has been encouraging but there's been significant consolidation the last few days between 4.80 and 5.00. A very large percentage of the float has been shorted. Jurik indicators show rising RSX (smoothed RSI) and that the negative VEL (MOM) has been eliminated. The squeeze is on and ENPH is...
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NASDAQ:ENPH
