$ENPH Long into Earnings
What a nice setup for ENPH. Long solars into earnings as this stock forms a pennant and makes a go for new highs. Downside risk $50 support, new highs upside risk.
ENPH will probably confirm the rising " Cup and Handle " pattern today, I suggest you place a pending order because this will be the best stock for you.
ENPH wait buy : $67-$67.5 (zone breack out)
ENPH target : $90 +-2
Stop loss : 8%
Wish you good deals!
$ENPH has a beautiful cup&handle pattern from where it has tried several times to breakout
MACD looks very good crossing up and turning positive, RSI is at 69 but this stock has a history of melting up in overbought area
Company had ER yesterday , beating the expectations and the move up was on 2.5 times more than the 20MA VolAvg
Also worth noticing the 20EMA...
Making a strong move pre earnings will look for
entry on any dip at the Open.
$70.00 is All Time High resistance
$79.00 First Fibonacci expansion target
$SEDG may have given us a look at what to expect from earnings
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Hey traders, ENPHASE ENERGY is in a bullish moment low traded purchase volume, it gives a fake bearish signal on the TIMEFRAME 15 Minute. We can seeing a buying force exerted in this situation, it leaves to reach a new high to arrive in a decision zone at the level of 73.93.
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Strong insider selling. Multiple insiders at $53 and a 100% sale ($819m) at $60. Possible short below 49.93. Target 39.13. Stop signal 53.73. Could consider $50 August or November puts.
FW just after the HS top. FW R/S is confirmed with 3 touches. Target would be to close the gap down, possible touch the highs before plummeting to 35. Plan is void with a break below the FW wedge support.
After a large selloff when it hit the 52 week high 2 weeks ago, we are now looking approaching the support at $47.50. Assessing the risk/reward and the stock being oversold according to the Stoch RSI, price around $47.50 seems to be a good price to buy, hoping for a rebound.
Enphase Energy, Inc. engages in the design, development, manufacture, and sale of microinverter systems for the solar photovoltaic industry. Its products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories, and Enlighten & Apps. The company was founded by Raghuveer R. Belur and Martin Fornage in March 2006 and is headquartered in Fremont, CA.
ENPH
