Similar flat pattern.
Daily - wave C of the flat has already broken FE100 on regular scale.
The chart is on LOG scale, still some downside possible, but the structure looks really ok)
Good luck!
(Optional) - Open Short if fib 0.382 breaks, then open long from 111.666.
(Long Base) - Open Long from fib 0.236
(Event) - 26 Feb earning & revenue,always big vol.
(Common sense) - Its overall to overbrought, short after peak?
(Seperated Short) - Hedge against the long position
Enphase has performed incredibly well since the Covid 19 outbreak in March of 2020. ENPH has attracted overwhelming investment attention from retail investors and institutional investors during this time, this is partly because Enphase is a solar panel semiconductor company. Both Semiconductors and Solar have been hot sectors since the start of Covid, I believe...
Name that we don't play often, but still has some juice left to squeeze both ways. Looking for a bounce of $143.49 for a play to 157 gap fill if market wants to relief bounce.
Any daily close under 143.49 leads us to $130 and possible $108.
enph could be using previous trend resistance as support now, also near local/extreme trendline support.
on top of that we are bouncing off rsi support from 2019! This is what I call cluster support :D
These are all good signs for a low risk risk long entry.
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so based off recent uptrend support zones, 168-167 should see a solid bounce, as long as we dont lose this support of course, this area could be a solid buy zone seems like more downside until then
Bounce off trend
good ROI
Revenue per employee high
not overbought
earnings is not soon
high beta
3 month and 6 month performance is great
Warning High PE
A lot of confluence here on ENPH, a leader in the solar energy group:
- Trend line retest
- Bounce off the 200dma
- Gap filled and bullish engulfing on the daily
- Horizontal support tagged
Watch for a base to build as it tries to clear overhead resistance that's still ahead - on the daily it's still below the 10,20,50 moving averages, so it's likely to remain...
enph approaching extreme trendline resistance zone, Must act as support or the bulls completely lose control! if we hold this area an bounce we could see a all time high test in 2022.
below 170 support id look for would be around 140-146, if we hold here and break 200-218-250
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ENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some...
There is the gap that has been pretty much filled and bullish divergence on the MACD and an uptrend trendline. I think it is a good buy between $185-$165
Enphase Energy made a big move between early October and late November, ripping from $145 to a new record high above $280. Now after a healthy pullback, traders may start to notice.
The first pattern on today’s chart is the 50-day simple moving average (SMA), which ENPH tested yesterday for the first time since breaking out.
Next, the low was near the stock’s...
The similarities are very striking from Amazon's IPO into the 1999 Dot Com speculative bubble and the bust afterwards. History could be repeating itself. This is the EV/Solar bubble. The tech revolution is already played out. Now the S curve will be solar panels on everyone's homes and commercial buildings. The big buying...
enph creating a bullish trend channel after breaking the big downtrend trend resistance recently, if it holds we can look for a push to 300+ in 2022 or late December.
you can see when the downtrend clearly broke in this picture
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Similar to the AFRM setup I posted previously, ENPH seems to be making the same ascending wedge on declining volume. I think it will be a sharp drop to the 0.5 or 0.618 fib retracement level which should line up with the 50 day moving average by the time it gets there.
ENPH recently broke a 10 month downtrend resistance, and every smart investor knows.. after long consolidation we see even larger breakouts most of the time.
don't be surprised if these price targets hit in 2022!
price targets 319.84-408.05-496.26
Enphase Energy, Inc. engages in the design, development, manufacture and sale of micro inverter 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.
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