Enphase power and Amazon comparison from 1999
The similarities are very striking from Amazon's IPO into the 1999 Dot Com speculative bubble and the bust afterwards. History could be repeating itself. This is the EV/Solar bubble. The tech revolution is already played out. Now the S curve will be solar panels on everyone's homes and commercia
Key facts today
GLJ Research has maintained a 'Sell' rating on Enphase Energy (ENPH) and has reduced its price target for the company's shares from $50.69 to $31.11.
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
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
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