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
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 ...
Took this one Opened Long On the last bounce back to the Trendline and We Havent looked back since.
This week me watching price action we have been barrelling against resistance around 3.89-4.00
But after hours we seem to be have broken through and sitting at 4.25.
If you pan out to the Yearly. BIGGE PICTURE we have a rounding bottom and a chance to challenge ...
ENPH looks to be forming an uptrend out of its bottoming formation. all daily indicators look good. Indicators on the weekly and monthly look good. Note that the trend not the weekly and monthly are down. This is a highly speculative stock. Hold firm to the stop. Let profits ride however with raised stops.
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.