E0P trade ideas
enphENPH
Decent pull back on every energy names. Would be nice to see it pull back all the way to at least around 185 but on the watch to see if we break out of the downtrend if buyers step in. Currently consolidating
ENTRY :rotating_light:- CALLD ABOVE 210
PRICE TARGET :dart:- TG1 215 TG2 220 TG3 222 TG4 230 TG5 250
STOP LOSS - BELOW 205
STRIKE / EXPIRY- 02/19 210-250 calls can work
$ENPH Enphase Energy gets S&P Energy Boost 🚀🚀
Inclusion into the S&P500 may just give this flyer
another lift higher.
Within a nice channel in recent weeks which seems
to signal a move to the highs once again.
Targets
$180- Fibonacci GP
$184-184 - Mid channel Line (previous support & resistance )
$185.60 & $189 Hourly candle resistance.
How to deal with lost opportunity ( Bitcoin etc)12.28.20 I did not say this on the video, but I should have since I believe my human behavior is similar to your human behavior... at least somewhat. When I started trading in the 1980s I was having a difficult time making money in the markets. If the market moved higher and I missed the trade, this bothered me. And then there were trades that I would take and I would lose money. My frame of mind was that I had to take trades so that I wouldn't miss the good opportunity, and my dilemma was I never felt that great about many of the trades that I took... especially after I lost money on those trades. In other words I thought like a losing trader. If you think like this there is no tool or no strategy that will work out well for you because this type of thinking is highly likely to be catastrophic for your trading. My belief now is that I don't have to take a trade that I don't feel comfortable with using my tools, and I know to my core that if I wait for the higher probability trades based on the way that I use my tools, I will make plenty of money in the markets. Missed opportunity does not make you poor, but losing trades can make you poor. For people who constantly lose because they don't have a good sense about the market, there can be this drive to not miss good traits and this can lead to impulsive trading when the market is not clear and the trader is not clear. It's almost as if there is a desperation to trade because of this feeling that there won't be another good trade and that you'll miss it. It's a disastrous way to think. You cannot control the market, but you can wait for the higher probability trades and if it takes a little time before you spot a good trade that should be okay for you.
AB=CD Rising wedge Bearish Until Bottom is Found
This pattern consists of 3 legs with the impulse leg/AB going up..D is the result of an ABC bullish correction target but when it reaches D it can turn on you..This is a measured move UP..
Dunno//just an observation
This pattern is bullish when the first leg is a down leg...ie AB is an impulse leg down..this is a measured move down...
Strong stock so time will tell..
I am having issues with drawing trends using the app here..but the AB leg should be a tad shorter
ENPH, Aroon Indicator entered an Uptrend Over the last three days, Tickeron's A.I.dvisor has detected that ENPH's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 354 similar cases, 326 of which were successful. Based on this data, the odds of success are 90%. Current price $138.92 is above $78.71 the highest resistance line found by Tickeron A.I. Throughout the month of 10/27/20 - 11/27/20, the price experienced a +43% Uptrend. During the week of 11/19/20 - 11/27/20, the stock enjoyed a +9% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 04, 2020. You may want to consider a long position or call options on ENPH as a result. Tickeron A.I. detected that in 62 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 83%.
The Moving Average Convergence Divergence (MACD) for ENPH just turned positive on November 06, 2020. Looking at past instances where ENPH's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 47 cases over the following month. The odds of a continued upward trend are 89%.
Following a +3.34% 3-day Advance, the price is estimated to grow further. Considering data from situations where ENPH advanced for three days, in 297 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 326 of 354 cases where ENPH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.