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GAP-UP

Bullish Going Into Earnings- UpdateENPH is looking really nice here heading into earnings. All previous price targets were reached and the gap on the upside has been filled. Last quarter ENPH sold off on a slight earnings miss however 9 times out of 10 they will beat on earnings. Would like to see ENPH start to outperform other solar manufacturing companies such SEDG with respect to price action- but will certainly be looking for a gap-up and breakout from this triangle. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - Previous charts are attached below - Bullish all the way - Falling wedge on the weekly timeframe (See Chart Below) - Flagging on the hourly timeframe (Not Pictured) - Slight hidden bullish divergence on the RSI - SMA's converging and beginning to curl upwards - Symmetrical triangle on the daily timeframe PT1- $176.03 PT2- $182.30 PT3- $189.36 PT4- $191.48 Weekly Timeframe Previous Charts-
NASDAQ:ENPHLong
by jacobosiason7
2
$RETA ShortStock: $RETA (Reata Pharma) Stock Price: $169.00 Position: Short Type: Options (Buy Put) Play: Swing Risk: Very-High Date: 11/15 Strike: $160 Limit: $17.20 Contracts: 1 Equity: $1,720 *Note: This short is expensive and will open up negative if you have to get filled higher than the market. This is a 1 of 2 short position open. This stock recently beat a Phase II study. Causing it to gap up AH. Currently up 70% in the last 24 hours. There is a Phase 3 coming up which can cause another 30% to 50%+ run. So, yes this is a high-risk trade. I expect this company to hit $170 by the end of the day.
RShort
by OfficialGoon