ENPH trade ideas
ENPH - Look Out BelowLT support on W and M timeframe
PE ~= stock price (170 on 2/23)
Such a high flyer, it needs to come down to reality
From COVID low to ATH, 0.618 fib matches with LT trend (coincidence?).
Currently bouncing off of 26 W EMA, but I expect it to head towards 100, and I may look to buy <120
ENPH: Double Top, Now What? Using key Fib levels to confirm double top pattern in ENPH, a projected run back up to 196.77 could occur if it sustains support from critical moving averages (50, 200). 10-12 day out look could see ENPH replicating similar movement observed in the last week of January 2021 and beginning of February 2021. Key level is 203.63 as indicated by volume node.
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.