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MMAT Levels To Watch Right NowNot much happening with major Fib levels for MMAT however, that 200DMA seems to be acting as a potential level of support after falling below the 786 fib line. Meanwhile, there seems to be a level of resistance around $5 that has been the case several times over the last few months. The big question now is will the 200 hold this week? Also have the SC13 G from last week to keep in mind. Nova Scotia Innovation Corporation (Operating as: Innovacorp) reported a 4.399 % stake in the company. This was an amended 13G and if you look back at the one posted on 7/7, you'll see Innovacorp reported a 6.558 % stake.
M
by PennyStocks101
🌻 SOLAR ENERGY - About to BOOM! 🌞Some posts I like to go back to and say 'Hey, I bought at a great time, i did well' I have a feeling this will be exactly in this category in a years time. Same as it happened with Lithium for example Looking at this chart I have a statement to make: It WILL rise and it WILL make me money. That's my opinion after i have also done research: 🌄 Fact 1 : US is about to invest heavily and compete with China 🌄 Fact 2 : There is a Global urgency to limit emissions 🌄 Fact 3 : Biden's plan is clearly to Boost this industry NOW! 🌄 &utm_content= &twclid=11414976558985617409]Fact 4 : Some of the major disadvantages have been improved. (Cost and efficiency) 🌄 Fact 5 : The Sahara can be Europe's next big investment 🌄 Fact 6: Our civilization depends on it's ability to use the Sun's energy!!!! (Google Kardashev scale ) 🌅Advantages: 🔆Solar power is pollution free and causes no greenhouse gases to be emitted after installation 🔆Reduced dependence on foreign oil and fossil fuels 🔆Renewable clean power that is available every day of the year, even cloudy days produce some power 🔆Return on investment unlike paying for utility bills 🔆Virtually no maintenance as solar panels last over 30 years 🔆Creates jobs by employing solar panel manufacturers, solar installers, etc. and in turn helps the economy 🔆Excess power can be sold back to the power company if grid intertied 🔆Ability to live grid free if all power generated provides enough for the home / building 🔆Can be installed virtually anywhere; in a field to on a building 🔆Use batteries to store extra power for use at night 🔆Solar can be used to heat water, power homes and building, even power cars 🔆Safer than traditional electric current 🔆Efficiency is always improving so the same size solar that is available today will become more efficient tomorrow 🔆Aesthetics are improving making the solar more versatile compared to older models; i.e. printing, flexible, solar shingles, etc. 🔆Federal grants, tax incentives, and rebate programs are available to help with initial costs 🔆No trenching is needed since the solar can be close to or at the place of installation To the moon? Well as a Greek. I do prefer the Sun ( Helios ) One Love, the FXPROFESSOR 🌞🌻
AMEX:TANLong
by FX_Professor
3
Bullish- Long PlayAfter consolidating in a long regression trend for quite some time, SEDG is holding within a triangle while forming an inverse head and shoulders, (orange- neckline). SEDG has earnings on 8/3' along with ENPH. Looking for a run up to ER. Both previous price targets hit (see previous chart), undoubtably a long-term play, should provide multiple good entries. Bullish PT1- $274.79 PT2- $283.67 PT3- $290+ Looks like SEDG has finally bottomed after quite a long, and in my opinion a much-needed pullback. SEDG recently was upgraded by Goldman Sachs, will be looking for long entries as there appears to be a Cup and Handle forming as well, bullish . PT1- 260.77$ PT2- $270+ (Boxes are RSI based Supply/Demand zones)
NASDAQ:SEDGLong
by jacobosiason7
4
Where is Enphase Energy Moving Next?Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42. Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its peaks about 30-days before earnings. Looking back at the chart could help us understand where ENPH might be heading during July 2021. Solar and energy storage stocks have been heating up as governments push climate agendas including possible tax credits for each stage of the solar manufacturing supply chain, tax credits for homeowners to install solar power, and other possible incentives and initiatives. Another company that has benefitted from the current environment is Generac Holdings NYSE:GNRC . They also had an amazing month of June 2021, up over 26% and 84% YTD. Sure, with GNRC the weather plays a role as they sell many generators, but they are also ramping up on their energy storage solutions just like ENPH. ENPH has a premium micro-inverter product and a growing energy storage business. This has given many analysts reason to place a buy rating on ENPH. Now looking back at the chart. Comparing the two time periods, then and now, you can see that after the runup in 2020, ENPH consolidated up until earnings were released, and for about 7-days thereafter. Then, there was a spike in volume setting off a bull run that finished the year of 2020 and pushed the stock even higher into 2021. This rally set a new all-time high on January 7th, then another all-time high of $229 on February 10th (right when earnings were released). Next, we had the great tech rotation sending any stock related to technology lower over the next 90-days. ENPH hit its low of $108 on May 11th. Since reaching the May 11th low, ENPH has climbed 73%, just another 18% and ENPH will be hitting a new ATH. Now, here's what you came for. Where is ENPH moving next? Well, if history can be our guide, and yes, history doesn't repeat, history rhymes, then we should expect ENPH to start consolidating with a mix of green and red days until earnings. One thing on the chart that is different this time around is lower volume. Now after earnings are released it's anyone's guess. A beat on earnings could push ENPH to new all-time highs and a miss could give long-term investors a great entry point on a stock currently trading at a premium. Now I will hand it off to you. Where do you think Enphase Energy is moving next?
NASDAQ:ENPH
by TickerTimeNews