Key facts today
Enphase Pivots to Upside. ENPHAn interesting fractal picture here. A very flat AB=CD here with a triple drive inside that is bullish. Now looking to the upside. VZO, vWAP, US crossed, BB%PCT heading to the zero line. Kennedy channeling gives some stationary goals.
Expect ENPH breakout by EOY 2025. Buy <$60Trends:
- LT parallel channel shown marks some key trendlines for the company since IPO
- LT falling wedge intersects the bottom of this channel H2 2025 --> a buying opportunity above $50. If that breaks, falling wedge ends around $35, a 30% downside (or 40% vs today's price).
- The early 2023 peak
ENPH time to turn around?It is a difficult one and not confirmed yet, but if we are lucky we could have a double bottom from here. Needs to be monitored.
4 Years of DeclineWith the highs of February and March 2020 and the May close of the same year we'd got a temporary high that may become a support now. This has been tested already in the past November and in January this year. Now we are testing it a third time. If not broken this month we may have seen a firm botto
ENPHEnphase is a solar energy producer currently sitting at the all time .886 retrace of the 2022 highs.
The chart is showing a larger time scale completion of a 5 year large harmonic M-shape structure and locally another at the pattern completion zone.
I think this could be a good entry point for a
ENPH bullish setupEnphase has a presented a solid bullish setup with 2 impulsive moves that retraced to their respective 0.618 fib level, and a breakout of the descending trendline.
A long can be taken now with a stop loss at $68.50 and price targets at $90, $100 and $115, the last being the mid point of the large c
ENPH LONG SIGNAL (12/16/2024Tradeplan on ENPH 12/16/2024
ENPH ON BULLISH NOTE BACKTEST GAP ON 1H
BOUNCE WITH MILD VOLUME
Looking forward see bounce on fvg on intra day section to confirm bullish trade on ENPH.
Entry:$73.32
Stoploss:$72
Target: $82.01
ENPH Break up higher after violatile sectionENPH sweep through zone $72 then push higher now. Solar sector looks bullish
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Displays a symbol's price movements over previous years to identify recurring trends.
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