ENPH/SPYBullish on the weekly chart pullback. Look to stay above 0.62 ratio. Goal is to outperform SPY over the medium term.
E0P trade ideas
$enph will cool down?$ENPH is on uptrend on big picture and It is non stop going down for almost one month so It is time to cool down and make some correction or continue it uptrend. We just need to benefit from bounce back.
Entry; $220.30
S/L; $205.91
TP1; $249.09
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Solar Stocks/RSI Diversion/Old Trendline for ENPHPrice corrected yesterday after a price and RSI Divergence.
There is also a rising wedge that was broken yesterday on the daily timeframe, but price is on the run again today. There are several on hourly that are still intact.
The lowest wedge I see on hourly would be broken at 284ish. The bottom trendline is intact so it is not valid.
Price is also bumping in to a very old trendline. You can see this better if you look at 5 year weekly chart and look at the peaks.
le7120 pointed this out to me/THX le7120 (o:
I usually look at long term charts and this was one time that I did not. This trendline slopes upward and is resistance so far. If price manages to get above it, it would be support but so far price has stalled there and has been forming funky patterns like bearish wedges and divergences. If price breaks this trendline I will revisit and update this chart.
Trendlines, support and resistance levels were made to be broken, but so far this trendline has not been successfully broken.
No recommendation.
Divergence occurs when price makes a new high or low in price but the RSI does not make a corresponding new high or low value.
To a certain extent, price and RSI should mirror each other. If you look closely, you can see flags, cups, Ms and Ws on RSI that reflect the actual price chart. Since RSI is just a line, it is by no means exactly replicating the chart but the flow should be somewhat similar. (o:
FSLR and SEDG also had divergences with RSI. FSLR also broke the support line of a rising wedge.
Bobby's Homework Assignment1. 5. 23 ENPH : This is a great market to follow if you trade the equities markets. I would be looking to buy at this level if I could find buyers. It's a market move slower I would be looking for buyers had a very important support which I explained in the video. This Market has great volatility, and it most likely will give you a great reversal pattern... and you will probably know it when you see it. a lot of the equity markets are going lower... a lot lower because we are in the beginning phases of a bear market. Even bear markets kid oversoul incorrect higher before they make new lows. I think it's not always simple to decide what a swing Trader is compared to a scalper. I think ENPH Can be traded Successfully whether you scalp, were you try to trade the swings.
ENPH BearThis stock has remained way too high for way too long.
I think it will retest this breakdown and then fall to roughly $200 at least.
$ENPH still holding uptrend (barely)$ENPH still in uptrend on daily but in jeopardy of breaking down.
ENPH 01/20 300PBought put when stock pops up to 330 level. solar sector benefits when oil expensive, but oil is droping, and help CPI move down to 7.1%.
If FOMC statement is ture, oil will drop hardly in 2023 to help 2% CPI goal.
ENPH monthly chart is developing a possible doji star at the upper level trendline. So I short it
Risk: the powell speak can change the short term trend.
$ENPH back at its recent breakout pivotthe one and only one $enph is back at its previous breakout pivot .
2nd mouse gets the cheese? or are we trapping the crap out of all the mice? 😂
ENPH - For me IA companionsModel for me IA friends (without the power of IADSS).
That I will only share inside the community.
RectanglePrice is knocking on the door of the resistance line.
ENPH has broken through it but a throwback pushed it back inside the trading channel.
No recommendation/Neutral pattern until a trendline is broken with conviction.
This could also be a horizontal flag. Not all bull flags slope downward and not all bear flags slope upward and flags are also a neutral pattern until broken.
ENPH Long
Even though I think the current bull market is just a sleight of hand, I agreed to examine long opportunities, and here you go - ENPH.
I have been tracking it for a long time, I missed it at every break and maybe this time we will celebrate? Because the setup looks just in the books.
MA 50,100,200 started to curve upwards, forming a very nice ascending cup and a handle, volume increases along with the price auction.
I will be very strict this time, I entered to a smaller position than I usually do because I am suspicious.
If it will break and re-tests successfully, I will consider forming a full position.
Disclaimer - It is just an opinion, I usually mistake :-)
Enphase Attempts a BreakoutEnphase Energy has quietly emerged as a market leader in 2022. Is it now ready for a final run into yearend?
Notice how the solar-energy stock made a series of higher lows since mid-October. Prices remained below roughly $320, a previous closing high from September. The result was an ascending triangle, which ENPH escaped on Friday. That could signal a continuation of its bullish trend.
Second, MACD has remained positive for over a month.
Third, ENPH briefly dropped below its 50-day simple moving average SMA in early November but quickly recovered. The retest may confirm buyers are willing to defend its uptrend.
Finally, TradeStation data shows ENPH is the fourth-best performing member of the S&P 500 this year. (It trails only fossil-fuel rivals Occidental Petroleum , Hess and Marathon Petroleum .) That could make some momentum traders look for window dressing.
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ENPH Long (VCP)Brilliant volume contraction pattern.
Big volume spikes as accumulation.
7% up this sessión, breaking resistance.
Leading sector and 99 Relative strenght index.
Long on ENPH.?I think ENPH interesting for a swing trader’s
I looking for strong trends line, and supports ✔️
good Cci ✔️
good Rsi ✔️
Sma 150 ✔️
$ENPH Classic VCP setup $ENPH showing VCP characteristics on the daily chart within a stage 2 base, with each contraction smaller than the next. Took initial position on the day it reversed with high volume, but holding the position, noting the subsequent dry up in volume, now with a final contraction <5%.
ENPH LongI am bullish on ENPH. Despite there is multiple top pattern, there is a nice uptrend on MA's. I assume ENPH if break recent highs it could make new highs soon.
PatternsPatterns looking bullish long term bearish short term into close up earnings then upwards after reporting earnings to complete the same W patterns on the daily within the huge trend lines that have stayed up opposed to crashing down, strong momentum likely to continue if all goes well with the company, and the company does very well. To sum it up I'd hold or a weekly short until earnings and wait to buy or go long just before earnings at a lower price than today to catch the rally up after reporting... : )
#ENPH to 390$?Hello dear Traders,
Here is my idea for #ENPH
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
ENPH potential breakout soon ENPH potential breakout once this demand fair value gap below is retested
look for a recovery of the high volume node above to act as a shelf to push price upward upon a confirmed hold
ENPH inverted head and shoulders.Looks like a longer term inverted head and shoulders combined with a shorter term inverted head and shoulders. Showing good relative strength. Will be watching closely to see if it can hold above resistance this week for a long position.
🟩 $ENPH - added last week$ENPH has been showing the characteristics of a Market Leader - I bought last week. Here is why:
1. Confirmed Stage 2 uptrend
2. 11 week constructive base (Cup and Handle pattern)
3. Strong RS rating
4. Breakout Year on EPS
5. 2 Quarter EPS acceleration
