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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$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...
It is said that, Global stocks continue to rally as hopes of an economic recovery overcome surging corona-virus cases, yet analysts remain bullish over investor appetite for gold in the coming months.
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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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 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.
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
