Envx long possible 100% returnsI’m seeing a great opportunity with rejection. Falling wedge in the making with a potential of 100% gains. Close half and let the other half ride it out. Free shares.
ENVX trade ideas
ENVX $40. incoming?Enviox targets: $42.10 double bottom, $46.90 triple bottom, $47.60 falling wedge targets all possible.
ENVX Enovix: An optimistic battery investment for the futurewww.forbes.com
I am too tired to write now but I bought this stock as an investment. Great team behind it and further ahead than other new-age battery stocks in my onpinion
Technical Analysis of Enovix Corporation (ENVX)### Technical Analysis of Enovix Corporation (ENVX)
#### Overview
The chart shows the daily price movement of Enovix Corporation (ENVX) on the NASDAQ exchange. It features Fibonacci retracement levels, trend lines, and projected price paths indicating potential future movements.
#### Fibonacci Retracement Levels
The Fibonacci retracement levels are drawn from the swing low around early 2022 to the swing high later in the same year. The key levels identified are:
- **0.236 (11.15 USD)**
- **0.382 (13.99 USD)**
- **0.5 (15.55 USD)**
- **0.618 (17.57 USD)**
- **0.786 (20.39 USD)**
These levels can act as potential support and resistance zones.
#### Current Price Action
The current price is around **16.52 USD**, situated between the 0.5 Fibonacci retracement level (15.55 USD) and the 0.618 level (17.57 USD). The recent price action shows that the stock has rebounded from the 0.382 level (13.99 USD) and is testing the higher Fibonacci levels.
#### Trend Lines
The chart features a descending trend line from the highs in 2021, intersecting with the Fibonacci levels. There is also a shorter-term descending trend line providing additional context for potential resistance.
#### Resistance Levels
- **17.57 USD (0.618 Fibonacci level)**
- **20.39 USD (0.786 Fibonacci level)**
- **23.99 USD (swing high)**
These levels are important to watch as potential resistance if the price continues to move upward.
#### Support Levels
- **15.55 USD (0.5 Fibonacci level)**
- **13.99 USD (0.382 Fibonacci level)**
- **11.15 USD (0.236 Fibonacci level)**
These levels serve as crucial support zones in case of a price pullback.
#### Projection
The chart indicates a potential upward movement, with price projections suggesting a possible path towards 34.38 USD (1.618 Fibonacci extension level) by 2025. The projected path involves a series of higher highs and higher lows, indicating a bullish trend if these projections hold true.
### Conclusion
Enovix Corporation (ENVX) is showing signs of a potential bullish reversal, with key support at 15.55 USD and resistance around 17.57 USD. Traders should monitor these levels for breakout or breakdown scenarios, considering the broader market trends and any significant news impacting the stock.
### Disclaimer
This analysis is just an opinion and should not be considered as financial advice. Trading stocks involves risk, and you should do your own research or consult a financial advisor before making any investment decisions. Any profit or loss is the responsibility of the audience, and I do not take any responsibility in this regard.
ENVX Strategy for next weekWe can see that price has surged due to positive news. headed towards a weekly sell side fair value gap, with a buy side faire value gap just on the extrimity of the red rectangle.
So we swept all the stop buy orders and now potentially heading for the down side.
We have also a weekly/daily order block that will serve as support.
If you see the chart, on May 2nd we had good news, the price gapped up and came back to a daily order block before moving forward.
How to trade :
if price goes again into the red area on the daily tameframe, and closes again below it. we can short this, with a TP at the OB dashed line. if not, we can wait for the price to fall back to the OB dashed line, and bounce off of it before going long.
Looking for $20-$30+I believe this company will actually deliver what they are promising and this will be a lucrative investment to get in on early! I'm long.
ENVX 200d support breakoutAttempting to buy breakout of 200d. Tight stop loss will consider selling the trend line or riding momentum to 12.50. MA crossover 7 and 14d alert for sell target.
ENVX gathering energy for a move to $20 by JulyNASDAQ:ENVX
Narrowing since December 21. Pops every 8-9 months or so. Lot's of demand under $10. 20 strike calls coming in of late.
www.tradingview.com
ENVX.... Looking bullish This is my next trade im looking to get into. Price has tested this level and everytime we get a nice action. On the higher time frames you can see the nice retest of the order block and a possible "W" formation for the win. MACD signaling buy and RSI coming out of the dirt is giving nice confluence I have a 30$ price target
Please boost if you support this idea and feel free to comment like and follow
failed to make higher highs -> how about higher lows?09/20 - NASDAQ:ENVX announced the acquisition of privately-held Routejade, an established Korean battery manufacturer for a total consideration of approximately 6.2 million shares of Enovix common stock and $16.5 million in cash assuming purchase of 100% of Routejade. The acquisition provides Enovix with vertical integration of electrode coating and battery pack manufacturing while adding an established lithium-ion battery business with factories in Korea, along with complementary products, customers, and suppliers. The transaction is expected to close in the fourth quarter of 2023 and be immediately accretive.
#ENVX Straddle /Trade PlanAccording to our observations a very large neutral position with exp date September, 15.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
Judgment day... Longs or Shorts?Earnings today (26.07), so this is a risky trade.
Ennovix has a large short interest (~25%) and is very volatile (weekly volatility is 6%). Stock is
If this goes under $18.50 then get out.
There is a small gap at $20.40, so this can be the 1st PT for 1:1 RR.
A little longer PT is $26.
Divergence on:
SMI
Willimas %R
RSI flat
MACD not perfect.
ENVX Enovix Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ENVX Enovix Corporation prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$ENVX I'm from the futureHey everyone just stopping by from the future to let you know that things are going well with Enovix ;)
A price target of $50 is easy ... I'm betting for $500 long-termRecent demand overwhelming supply = Strong hands accumulation ... Now morphing into an IH&S base with measured target $50 on trigger ...
Analyst forcasts via TipRanks: Based on 8 Wall Street analysts offering 12 month price targets for Enovix in the last 3 months. The average price target is $41.00 with a high forecast of $100.00 and a low forecast of $18.00. The average price target represents a 118.09% change from the last price of $18.80.
ENVX - ARMY Contract Maybe Undervalued* Meant to put this on the ENOVIX thread*
A Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern
" Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs.
The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery.
" - MarketBeat
This launched the stock price to $19 ON JULY 6TH.
SPY being on an extreme bull run and new 52 week high ENVX following a similar pattern.
ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish.
I Expect it to touch at least $25 but theres a lot of turbulence up there as thats where it's been consolidating in the past. General consensus PT is $38.
ENVX has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ.
Trade Responsible,
#TradeTheWave
$ENVX What do you think?Enovix has been on a tear lately on the Army PO announcement and it's broken through multiple resistance points. When will it stop going up? Stay tuned to find out. PS I am not a trader, I just look at charts for fun.
Momentum will move ENVX back to its ATH before ChristmasThe recent spike in ENVX stock followed a purchase order from the U.S. Army.
The latest purchase order is a positive step for Enovix as the company moves its U.S. Army program closer to full-volume production. The company is setting up the infrastructure for high-volume manufacturing and scaling its production. The company expects to produce 180,000 cells in 2023 from its Fab-1 facility. Further, the company recently announced that it has already achieved its Q2 production forecast of 18,000 units.
Further, on the commercialization front, Enovix is progressing well with continued design wins. While the company is ready to scale, the broad applications of its battery technology continue to expand its TAM (total addressable market), offering significant growth opportunities ahead.
ENVX’s battery technology has wide applications in consumer electronics, including wearables, mobile phones, and computing. Moreover, opportunities in new categories, including augmented reality, medical devices, and the lucrative EV (Electric Vehicle) market.
According to TipRanks, ENVX stock has received seven unanimous Buy recommendations from top Wall Street analysts. Meanwhile, these analysts’ average price target of $45.67 implies 177.97% upside potential.
Roadmap for ENVX (Update)If ENVX advances, it will enter a fast moving area as shown on the one year chart between downtrend lines. Previous trend gaps and fast moving prices areas are shown in the rectangles. Will likely need a catalyst.
Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend, usually resulting in reactions.
ENVX - Short PositionOn the chart we can see that the price of ENVX is approaching the horizontal resistance. The move seems to be overextended. Therefore, it is reasonable to expect a pullback before continuing higher.
Moreover the RSI indicator is showing that the asset is currently overbought.
The entry, the target and the stop loss are showed on the chart.
Good luck !
Break resistance. Retest support. MACD Buy1. Break resistance.
2. Retest support.
3. MACD Buy.
4. TAYOR & Good Luck
Learn why I'm bullish on $ENVXHere are some reasons I'm bullish on NASDAQ:ENVX (DYOR NFA):
- Compelling use case and easily comprehensible product: ENVX offers an innovative, high-performance battery solution designed to power future devices more efficiently, safer, and for longer durations.
- Experienced and accomplished team: ENVX benefits from a team of Silicon Valley veterans who possess deep expertise and a successful track record in the industry. This includes TJ Rodgers from NASDAQ:ENPH
- Strong partnerships with reputable brands: ENVX has secured major partnerships with well-known companies, enhancing its credibility and market reach.
- Establishing a formidable moat: ENVX has strategically built a strong competitive advantage through a combination of patents and specialized, custom, and costly equipment necessary for battery production, making it difficult for competitors to replicate their offerings.
- Consistent flow of company news and updates: ENVX consistently communicates important milestones, achievements, and progress, ensuring transparency and fostering investor confidence.
- Active and engaged Twitter community: ENVX community has a strong presence on Twitter and other social media platforms. Potential to be a wallstreetbets pick.
- Potential for profitability and mass production within the next 1-2 years: ENVX is on track to achieve profitability and ramp up mass production in the near future, potentially leading to revenue growth.
- Potential for widespread adoption: ENVX's superior battery technology positions them well for mass adoption, given the increasing demand for long-lasting and efficient power solutions in various industries.
My biggest concern about ENVX is that they might not be able to deliver their product at scale and they might not become profitable.
