ENPH looks bullish using Aspen Trading S/R LevelsAspen Trading S/R Levels are predicting bullish trend for ENPH if it breaks above 238.
They already did an excellent job by identifying the support @ 143.
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ENPH trade ideas
10/31/21 ENPHEnphase Energy, Inc. ( NASDAQ:ENPH )
Sector: Electronic Technology (Semiconductors)
Current Price: $231.63
Breakout price trigger: $222.50 (hold above)
Buy Zone (Top/Bottom Range): $225.00-$201.50
Price Target: $290.00-$293.00 (1st)
Estimated Duration to Target: 59-63d (1st)
Contract of Interest: $ENPH 1/21/22 280c
Trade price as of publish date: $8.05/contract
ENPHEnphase Energy, Inc. Trade for a period of six months. The trade will be helped to predict the rise in oil prices and, in general, for all energy carriers. The security looks like a final correction in the second wave, from where the third wave begins in terms of growth by 52% to the price of $237, which is slightly above the historical high. The price moves inside an inclined triangle, there are no patterns in the past, which increases the reliability of the trade. You can enter now part of the position in order not to miss the movement, the support levels are at $147.19 and $138.34, where you can get the rest of the position. The price of $133 is conventionally considered the stop order level, but the stop should be the end of the day stop - there is no need to place a physical stop on the market. The breakdown of the model will be if the price goes below $120.
ENPH, Large profit is ahead!ENPH has started a new up going motive wave ! how far it goes? Lets follow the analysis !
ENPH reacted well to the 0.618 golden ratio retracement of last rally labeled as wave i after a beautiful abc form of correction which formed wave ii. If true, Wave iii has started and is going to push up the stock to 294 USD. After wave iv correction upcoming wave v will even push the price more up to 319 USD to complete an Elliott wave cycle. Please note that these targets are obtained by typical Fibonacci levels of mentioned waves. Should it need any update, It will be published later.
Mentioned wave cycle is itself wave 5 of 3 of a larger cycle Elliott wave which means after completing the current cycle there will be a huge correction and another huge move up. This point shows that the general trend of stock is up and if you are a stock holder you will gain much more profits in long term. The larger cycle Elliott wave count will be published soon and added to the related link so, I refer those who want to take a general picture of the stock to that upcoming publication.
Stock newly broke the short term down trend line and is attacking the more powerful down trend line connecting two major highs. I believe every entrance strategy we choose to take a long position in this stock at the current point will brings us considerable profit. It is just the matter of risk management and maximizing profit .
It is worth to note that in terms of timing chart is a schematic drawing although I tried to make it precise by using time Fibonacci.
A trade below the last formed low makes this analysis invalid for some times and makes us to provide a minor update.
As always we emphasize, besides all these bullish signs we have to trade objectively.
Good luck my friends and
Bullish Going Into Earnings- UpdateENPH is looking really nice here heading into earnings. All previous price targets were reached and the gap on the upside has been filled. Last quarter ENPH sold off on a slight earnings miss however 9 times out of 10 they will beat on earnings. Would like to see ENPH start to outperform other solar manufacturing companies such SEDG with respect to price action- but will certainly be looking for a gap-up and breakout from this triangle. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - Previous charts are attached below - Bullish all the way
- Falling wedge on the weekly timeframe (See Chart Below)
- Flagging on the hourly timeframe (Not Pictured)
- Slight hidden bullish divergence on the RSI
- SMA's converging and beginning to curl upwards
- Symmetrical triangle on the daily timeframe
PT1- $176.03
PT2- $182.30
PT3- $189.36
PT4- $191.48
Weekly Timeframe
Previous Charts-
ENPH - Long setupEnphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.
ENPH has a strong buy recommendation from the analyst consensus on the Streets with a target price near the $215 mark. This also happens to be the point which the stock was unable to hold last time it broke out of the $ 200 mark, so should be a point to consider as and when price approaches these levels
From a technical standpoint, ENPH is right above its 20 Day MA and 20 Week MA. RSI in bullish zones and peaking up. Volume spike has been observed over the last few days averages and Bollinger bands on Daily charts are beginning to expand, that means sharp moves ahead.
On a break higher, expect next target $200
Hourly chart also has Bull Flag set up, could get a good swing trade near the 20 Day MA entry
Favorite Solar Stock: ENPH looks ready to goENPH 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 vs TAN, you'll see it broke out in June after consolidating for over a year against TAN.
ENPH bounced off the 50 week moving average and now building well on the shorter time frame (daily and 4hr) giving me the signal to get long this today and add into it this week.
Symmetrical Triangle Earnings 10-28 AMCPrice is at the top trendline. Long entry is a break of the trendline with an uptrend.
Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks can also occur.
If price proceeds upward in an uptrend, then possible stop below top trendline where you see support. There is a pocket pivot (green triangle) at 154ish.
There is also an ABC bullish pattern inside of the triangle.
Right now there is a bullish engulfing candle.
No recommendation
ENPH, Elliott wave count on weekly chartAs promised in previous publication , I offer here two possible wave counts for ENPH to introduce the general picture of the stock.
Left side chart:
It suggests what described in previous publication on daily time frame zoomed in current up going motive wave for smaller degree waves.
Right side chart:
Is offering an alternative scenario. Please note that the correction will be completely different in terms of price and time if this scenario happens.
Although both scenarios are , non of them violate the up coming smaller degree wave counts and it is a good news for buyers!
Larger degree wave counts can be investigated, analyzed and updated later, For now we are going to make our profit my friends.
Good luck every one . Wish you huge profits.
Falling Wedge- Bullish - UpdateBig falling wedge on ENPH here while simultaneously bouncing off the 200-day EMA, Bollinger bands are also squeezing (not pictured). Will be watching closely for a breakout and push upwards here (broader market conditions permitting)- See previous charts on ENPH below as well as charts on ICLN & TAN - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish
PT1- $156.03
PT2- $159.33
PT3- $164.15 + Breakout
Previous Charts-
ICLN
TAN
ENPH - D :: Support region :: opportunity for long termThis stock in a support region that can be a good opportunity for long term returns.
TP1 has already been tested and is likely to happen again and thats why we target 180.
TP2 is positioned for ATH price recovery.
TP1 - $180
TP2 - $220
NASDAQ:ENPH
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Este stock está com preço posicionado em uma região de suporte que pode ser uma boa oportunidade de compra para retorno a longo prazo.
O TP1 já passou por testes e é provável que ocorra novamente e esse é o motivo de colocarmos o alvo no 180
O TP2 está posicionado para recuperação do preço do ATH.
TP1 - $180
TP2 - $220
Same formation as previous breakout - Update- See previous charts below- (ICLN & TAN charts below as well)
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Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run-
All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross (not pictured)
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross
- EMAs Curling (not pictured)
- MACD is seemingly about to cross
PT1- $176.03
PT2- $182.30
PT3- $189.36+
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(Previous Charts)
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
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ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*