Long

ENPH- Triangle Breakout - Update

Updated

The solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the RSI on the daily timeframe, as well as holding an ascending triangle on the 4-Hour timeframe after forming a bullish butterfly harmonic pattern (See Attached Chart Below). Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- See previous charts attached below for previous price targets.

4-Hour Timeframe
https://www.tradingview.com/chart/ENPH/tdBmHC23-ENPH-4-Hour/

--Previously Charted--
https://www.tradingview.com/i/Leta1Iqc/
https://www.tradingview.com/i/ULwN0dwp
https://www.tradingview.com/i/oY7XfPVU

PT1- $198.17
PT2- $200.85
PT3- $203.22
PT4- $206.60 +

Comment

PT1 Reached ✅

Trade closed: target reached

All price targets reached ✅

jacobosiason7

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