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...
TAN has been attacking the 77.50 pivot since early March & this may break very soon. Failure to breakout 77.50 may need a retreat back to 68, the neck of a M-Gartley pattern. Recent energy crisis will again push the narrative for solar energy this 2022. Not investment advice.
Breakouts are coming, parabolic phase across the markets seem well setup as we are in a disbelief period. Get ready to fight inflation.
I believe we will be testing all time highs on TAN here as the solar industry continues to consume energy market cap and we accelerate into exponential growth in solar. Stay smart out there.
Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here...
Hey the renewable energy sector has underperformed the market in 2021, will look for an entry of $50 area in 2022 for a big swing stay updated.
LOOKING at all solar stock this morning it seems that they are ready to pop I am moving into calls in spwr fslr
ENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%. Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again. I want to be long the strongest solar name. When you take a quick look at ENPH...
... for a .15/contract debit. Comments: Plain Jane profit-taking here on approaching worthless. In for 1.19 on weakness and >35% implied (See Post Below); out here for .15/contract with 31 days to go in the contracts. 1.04 ($104) profit per contract. Implied isn't horrible here at 41.2%, but liquidity in the options has dropped off somewhat, and it isn't...
Forgotten sector, readying for an explosive EOY and '22. Grab cheap leaps. 100c 4/22 125c 1/23 if bullish
... for 1.19/contract. Comments: One of the higher-30 day implied (39.4%) exchange-traded funds on my screener that I currently don't have a position in.
Love this stock for a long term hold . Don't see how this could be a bad hold. Pull backs that gave 40 - 50% back.. Bot up. Huge 200-300% possible move from current prices still.
... for a .38 debit/contract. Comments: Plain Jane profit-taking here in advance of vacation. In for 1.15 (See Post Below), out for .38 here. .77 ($77) profit/contract.
... for a .22/contract debit. Comments: Collected a 1.32/contract in credit for these. (See Post Below). Taking profit here: 1.32 - .22 = 1.10 ($110) profit per contract. Still have September 17th 70s on.
... for a 1.15/contract credit. Notes: With 30-day implied at 42.8%, it's toward the top of my exchange-traded fund implied volatility screener. (The others are TQQQ, ARKK, MJ, XLE, and ARKG). Selling out in September here, as I've already got a rung on in August at the 75 strike. 1.7% ROC at max as a function of notional risk.
... for a 1.32/contract credit. Comments: One of the exchange-traded funds that still has a 30-day implied of greater than 35% here (it's 38.8% at the moment) with expiry-specific at 40.3%. Unfortunately, it doesn't line up fantastically with price action; the strike is above the previous swing low around 68. However, I'm fine with taking assignment if that...
New to the Wolfe wave but this looks like a textbook setup to me. Follows up on my previous weekly chart. of TAN for the breakout as well.