ENPH has been on a staircase to heaven fueled by the govt support on solar energy & the current supply chain crisis on crude oil & natural gas. The near term destination of the bullflag will be 387. After that a wave 4 correction may follow before the final leg up to 498 for wave 5. Not trading advice
First Solar, Inc. ( NASDAQ:FSLR ) Sector: Electronic Technology (Semiconductors) Current Price: $135.82 Breakout price trigger: $138.40 Buy Zone (Top/Bottom Range): $131.00-$122.00 Price Target: $144.00-$145.90 Estimated Duration to Target: 40-43d Contract of Interest: $FSLR 10/21/22 150c Trade price as of publish date: $4.60/contract
Enphase Energy, Inc. ( NASDAQ:ENPH ) Sector: Electronic Technology (Semiconductors) Current Price: $305.70 Breakout price trigger: $309.30 Buy Zone (Top/Bottom Range): $296.25-$264.35 Price Target: $419.30-$446.00 Estimated Duration to Target: 223-230d Contract of Interest: $ENPH 2/17/23 340c Trade price as of publish date: $40.50/contract
Enphase Energy designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the USA and internationally. Above resistance Above 50, 100, 200 SMA High volume Solar energy theme Stop loss - 273.71 Profit - Trail stop loss
Renewable as a whole has shown impressive strength and most likely to lead in near future. pivot held and breakout on good volume. Next target is 33...should come sooner than expected.
TAN - Invesco Solar & Wind energy ETF has a small head & shoulders formation. Price closed Friday approx at $80.00 neckline. 1st downside objective to fill gap $77.29. Top 3 stocks in TAN ETF: $ENPH $SEDG $FSLR
Solar stocks have outperformed lately as investors react to high oil prices and the green-energy movement. Today we’re looking at SolarEdge Technologies , the No. 2 company in the group by market cap behind Enphase Energy . The main pattern on the chart is the falling trendline that began in November and ran along the highs of April and most of July. SEDG...
NASDAQ:ENPH Enphase clearly extended gap solar play
Sunrun Inc. ( NASDAQ:RUN ) Sector: Utilities (Alternative Power Generation) Market Capitalization: $6.459B Current Price: $30.74 Breakout Price: $34.25 Buy Zone (Top/Bottom Range): $28.80-$19.50 Price Target: $36.00-$37.30 (1st), $48.70-$49.60 (2nd) Estimated Duration to Target: 21-22d, 84-88d Contract of Interest: $RUN 8/19/22 35c, $RUN 10/21/22 35c Trade...
TAN solar etf together with its main component ENPHASE energy has been on a tear lately. ENPH made a W-pattern in 2021 & is again repeating it this 2022. It currently made a double top at 283 but shows no sign of rejection yet. If it retraces then the W=neck at 222 will be retested. But if it breaks above 328, then the Fib 1.272 at 328 will be the next target. Not...
big down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength. TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on this daily chart is the uptrend since mid-May -- the opposite of the broader market’s price action. In fact, ENPH hasn’t made a new 52-week low in 117 sessions. (The S&P...
Invesco Solar ETF ( AMEX:TAN ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $--B Current Price: $76.68 Breakout price: $78.20 Buy Zone (Top/Bottom Range): $71.60-$60.00 Price Target: $82.40-$83.90 (1st), $98.20-$101.00 (2nd) Estimated Duration to Target: 55-59d (1st), 200-216d (2nd) Contract of Interest: $TAN 8/19/22 80c, $TAN...
ENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation. BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from...
TAN is now on a shortterm uptrend forming a channel just like ENPH in the post last week. It may retrace to 68 to retest the lower channel just like ENPH did. 68 is also the neck of a previous M-pattern. It is also the middle of the current trading range of 55.50 to 77.50. TAN still have a long way to go especially with the Biden Administration boosting solar...
JinkoSolar has shuffled in a range for more than a year, but now the Chinese PV stock may be attempting a breakout. Notice how JKS closed above its November high on Monday and Tuesday. The result? A new 52-week high at a time when the S&P 500 is still 14 percent below its high. Second, the 50-day simple moving average (SMA) recently rose above the 200-day SMA....
ENPH is the strongest component of the TAN solar ETF. Just like the biotech sector, it has started to gain ground after a long hammer candle at the week of May 9,2022. Since then it bounced with 4 consecutive green weekly candles from 165, the middle of a big trading range since 2021 (110-210). BULLISH CASE: ENPH is now at 210 the top of the range. It may retrace...
I bought TAN etf @ $66....looks to be breaking out in a wave 3 long position. Next Stop $80.....