Buying ENPH dip Hello frends,
I am buying the blood on ENPH as I presume this will rally to 200+
Put some levels to use as pt points and buybacks
I have picked up long dated calls.
Not financial advice just my ideas
E2NP34 trade ideas
LONG ENPHAdding to calls and will continue to add up until 127
I think this may be gods gift, NFA as always
getting ready to manage a losing ER tradeEnphase Energy Inc.’s ENPH, -3.78% stock initially plunged more than 15% in extended trading Thursday after the company reported quarterly revenue that fell short of analysts’ estimates and offered a weak forecast.
Enphase reported fiscal second-quarter net income of $157.2 million, or $1.09 a share, compared with net income of $76.9 million, or 54 cents a share, in the year-ago quarter. Adjusted earnings were $1.47 a share. Revenue was $711.1 million, compared with $530.2 million last year. Enphase provided third-quarter revenue guidance of between $555 million and $600 million, short of the $749 million forecast by analysts on FactSet.
Analysts surveyed by FactSet had expected on average second-quarter net income of $1.28 a share on revenue of $726 million. Shares of Enphase have sunk 37% so far this year, while the broader S&P 500 index SPX, -0.64% has increased 18%.
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH here:
Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $22.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ENPHLooks like we have , what is (by now) to be a familiar bottoming pattern .
If your feeling like BIG tech is had its run an you want to rotate over this stock has always been a giver, when others were takers
ENPH EARNINGS TO PUSH PRICE TO THE SELL LIQUIDITY TARGETSEnph pushing down with a shift in market structure, and also a catalyst that could see it $113.40 at earnings. look for price to display continued downward pressure under $175.50 to take out the sell side.
Enphase Ready For A 25% Move?
Looking at a weekly chart for ENPH it appears that prices is currently attempting a brake of its down trend since December of last Year.
Currently price has been consolidating a sideways range that inevitably will brake one way or the other.
IF the market is TRUELY bullish we would expect this trend to brake and price to rise to the top of the value area and redistribute.
IF price fails to brake trend and continues to reject a continuation to the down side should be expected.
As the market has already seen some very nice price rises in recent months a rejection may be more likely followed by a continuation to the down side.
Trade Well....
$ENPH NASDAQ:ENPH ,
Enphase stock experienced a decline of -2.57% on the most recent trading day, Friday, July 14, 2023, with the price dropping from $182.64 to $177.94. Throughout the day, the stock fluctuated by 3.77%, reaching a low of $176.90 and a high of $183.57. Over the specified period, the stock price exhibited volatility, resulting in a 12.07% gain over the past two weeks. On the last trading day, volume increased by 318 thousand shares, albeit on declining prices. This could be an early warning sign, indicating a slightly elevated risk in the coming days. In total, approximately 3 million shares were traded, amounting to a value of approximately $592.44 million.
Currently, the stock is situated within a wide and downward trend in the short term, suggesting the possibility of further decline within this trend. Based on the present short-term trajectory, the stock is projected to experience a -10.02% decrease over the next three months. Additionally, there is a 90% probability that the stock will trade within the range of $120.69 and $184.79 at the end of this three-month period
Enphase: Buy Territory (low risk/high reward)Enphase is a solar company that's been growing strongly, fundamentally. What I particularly like about this stock is that unlike most others, it has been making new highs in 2022.
Technically, it's sitting just below it's 200 day bollinger band and is due for a bounce to the mean, but may very well put in a new high.
Note a Q3/Q4 recession would likely bring most stocks to new lows.
ENPH ENPH Funnel Setup with stagger price points and Vertical date focus of the potential prohection. Must break above the 187-213 chop accumulation zone for this meltup to happen.
Currently I see the doji to bearish engulfing candle
I expect a potential drop for 1-2 more weeks before we see a Higher high candle stick to confirm the reversal of trend.
Watch out for the lower if you fail 156 the potential drop support at 139
This is just my rant of potential movement. Not financial advice.
Enjoy the show
AsianPicasso
Enphase Keeps SlidingSolar-equipment provider Enphase Energy has been sliding all year, and some traders may see risk of further downside.
The first pattern on today’s chart is the falling trendline along the highs of December, April and June.
Second are a series of instances where old support became new resistance. For example, ENPH made a low of $262.60 in November and peaked near the same level in mid-January (without successfully closing above it). Similar price action occurred in February and mid-April versus the October low. June 2 also saw resistance at the April trough of $187.15.
Third, the 50-day simple moving average (SMA) had a “death cross” under the 200-day SMA in mid-February.
Finally, MACD turned lower against last week.
Will these considerations prompt traders to expect a test of the 2022 low around $113?
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ENPH looks BullishLooking for a pop early next week with prior resistance at 187ish turning to support. Eventual gap fill at 220 over next month or so. Also watching solar ETF AMEX:TAN for a breakout of large descending triangle, Canadian Solar had good news Friday and Sector has been oversold.
ENPH basing for a move towards the consolidation range above?ENPH has broken out of a downwards channel, retested it, formed a series of higher highs and higher lows and is currently basing above rising 10 and 20 MA's at a flattening 50 MA.
This bullish price action, combined with the volume analysis indicates that there is a high probability for price to revisit the higher consolidation range to retest the well established resistance level al 230.50 ish.
All info is on the chart.
NQdecipher
i.Wish for a volatile session buy 200c expired in AugIts next earning: July 25
I'm trading it to $210 into its earning.
Keywords in Media coverage:
expanding its market presence
rising demand for solar energy solutions
allowing homeowners to gain more savings
enhancing its competitive edge
was indicative of these growing tribulations
buying the stock
leading to its price moving higher
manufacturing fully integrated solar-plus-storage solutions
ENPH looks Doomed if this Wyckoff Distribution Plays OutIve discussed Wyckoff Distributions before on this page. For a simple breakdown of this pattern, I've related this post to a previous post that can be found below.
Anyway, I believe we are seeing many of the same distribution cycle elements on this solar stock. I think we are currently in phase D which is usually characterized by a false bullish breakout into a downtrend. I am concerned about the lack of a clear downtrend after creating the false break. Notice the higher lows being created by the wicks in the lower portion of the channel. Long lower wicks with relatively small/avg volume suggest that selling pressure is weak. If that is the case, big money is not yet ready to take this lower.
I will be monitoring this price action closely and looking for more false breakouts and retests of the upper channel. I plan to build short positions above $200 if the opportunity presents itself. Price targets to the downside include $95, $60, and $35.
ENPH Bullshing Stance long term play for gap fillENPH is moving nicley making new higher lows on the daily. A break and hold above 176 on the previous day high we can see 183.26. full gap fill will be to 220.20
$ENPH - basing at fib supportNASDAQ:ENPH #ENPH is at fib support and inside the descending wedge. Rising RSI, MACD, OBV, acctdis. Breaking above $168 is bullish. Breaking below $158 is bearish. Bullish targets, $183, $192, $214. Downside risk $158, $133.
ENPH about to go into Mark up phase on 20 minENPH about to move in to mark up phase as it crosses my ESVO Ribbon and finds support this will launch it up... its starting to move now. I would watch the volume and see if it doubles over the avg of the last 5 to 10 candles that would be a clear sign of absorption and fomo taking place.
by iCantw84it
05.04.23
$ENPH: Mean reversion towards earnings resistance?I think NASDAQ:ENPH has a very low risk buy setup here. I already bot it during Friday, but you can enter pre market or during Monday's session safely.
Stop loss a bit below the $159.06 level would do.
Aim for a 6 business day rally from Friday, with potential upside to the level where the stock reported quarterly earnings recently.
@timwest found these levels to be of extreme significance, you can see how this 'Key Hidden Level' acted the last two times it was tested in the prior quarter.
Mad props to him for teaching me these methods.
Perhaps NASDAQ:FSLR 's acquisition news made investors think more M&A could happen in the solar space, certainly an interesting oversold level for long term entries here as well. Let's see how it goes.
Best of luck!
Cheers,
Ivan Labrie.
ENPH - Long @ 166Beat earnings - Weaker future U.S. guidance with Europe growing albeit Europe being a much smaller share of their current business.
Trading for a short-term bounce.
1st Entry (1/2 position) @ 166
PT 1: 174
PT 2: 180
PT 3: 190
SL - None yet. To add on further if 163 retest
