E2NP34 trade ideas
$ENPH possible bullish #breakout from C&H pattern on daily$ENPH has a beautiful cup&handle pattern from where it has tried several times to breakout
MACD looks very good crossing up and turning positive, RSI is at 69 but this stock has a history of melting up in overbought area
Company had ER yesterday , beating the expectations and the move up was on 2.5 times more than the 20MA VolAvg
Also worth noticing the 20EMA crossing the 50 EMA a month ago and the reason I am bringing that up is that on the previous 2 dates when this happened the stock rallied from 22 to 59 ( that is 2X) and respectively from 36 to 70 (also 2X)
Coincidence or not the measured move from the breakout of the pattern is 96.81 (last 20/50EMA cross stands at 48.63 and if recent history repeats 2X means... you got it 96+)
Good luck,
TA
Data to BUY ENPHASE ENERGY DailyHey traders, ENPHASE ENERGY is in a bullish moment low traded purchase volume, it gives a fake bearish signal on the TIMEFRAME 15 Minute. We can seeing a buying force exerted in this situation, it leaves to reach a new high to arrive in a decision zone at the level of 73.93.
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$ENPH Enphase Energy Earnings Trade
Making a strong move pre earnings will look for
entry on any dip at the Open.
$70.00 is All Time High resistance
$79.00 First Fibonacci expansion target
$SEDG may have given us a look at what to expect from earnings
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Enphase long/short So here we have an easy ta from ENPH.
I want you to present one long and one short position, because I guess its very open in situations like do we have now in which direction a stock with high vola could go.
There are some gaps that want to be seen. In uptrend we have outbreaking gap, in corono downtrend we have that important measuring gap that needs to be filled in.
If you are going long, you can take double bottom to determine your profit goals. In my opinion the stockprice should pushed by regular high momentum due earning and especially by filling the measuring gap minimum 5-12 % up.
Profit could take around 44-46 range. For going forward need to look momentum, cause there is another and resistance around 48 mark. For price goals (over days) around 50 it needs very bullish ER and SPY fed by fed.
Going short means take a look on support lines. Also here I guess you can use high momentum to take you max. profit around 28 mark. Softcore shorties could take also profits around 30-33 range. In kind of very bad ER it could fall (over days) to support at 22.
So good luck.
Any comments are welcome :)
ENPH Approaching Support at $47.50After a large selloff when it hit the 52 week high 2 weeks ago, we are now looking approaching the support at $47.50. Assessing the risk/reward and the stock being oversold according to the Stoch RSI, price around $47.50 seems to be a good price to buy, hoping for a rebound.