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ENPHASE ENERDRN

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E2NP34 trade ideas

Symmetrical Triangle Earnings 10-28 AMCPrice is at the top trendline. Long entry is a break of the trendline with an uptrend. Symmetrical triangles are neutral until a trendline is broken and a trend is confirmed in that direction. The top trendline is resistance and the bottom is support. Retests of top trendline are common. Once price is above this trendline it can become support. Throwbacks can also occur. If price proceeds upward in an uptrend, then possible stop below top trendline where you see support. There is a pocket pivot (green triangle) at 154ish. There is also an ABC bullish pattern inside of the triangle. Right now there is a bullish engulfing candle. No recommendation
NASDAQ:ENPH
by lauralea
3
ENPH, Elliott wave count on weekly chartAs promised in previous publication , I offer here two possible wave counts for ENPH to introduce the general picture of the stock. Left side chart: It suggests what described in previous publication on daily time frame zoomed in current up going motive wave for smaller degree waves. Right side chart: Is offering an alternative scenario. Please note that the correction will be completely different in terms of price and time if this scenario happens. Although both scenarios are , non of them violate the up coming smaller degree wave counts and it is a good news for buyers! Larger degree wave counts can be investigated, analyzed and updated later, For now we are going to make our profit my friends. Good luck every one . Wish you huge profits.
NASDAQ:ENPH
by SaeedSajedi
1
Falling Wedge- Bullish - UpdateBig falling wedge on ENPH here while simultaneously bouncing off the 200-day EMA, Bollinger bands are also squeezing (not pictured). Will be watching closely for a breakout and push upwards here (broader market conditions permitting)- See previous charts on ENPH below as well as charts on ICLN & TAN - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish PT1- $156.03 PT2- $159.33 PT3- $164.15 + Breakout Previous Charts- ICLN TAN
NASDAQ:ENPHLong
by jacobosiason7
1
ENPH - D :: Support region :: opportunity for long termThis stock in a support region that can be a good opportunity for long term returns. TP1 has already been tested and is likely to happen again and thats why we target 180. TP2 is positioned for ATH price recovery. TP1 - $180 TP2 - $220 NASDAQ:ENPH ----------- Este stock está com preço posicionado em uma região de suporte que pode ser uma boa oportunidade de compra para retorno a longo prazo. O TP1 já passou por testes e é provável que ocorra novamente e esse é o motivo de colocarmos o alvo no 180 O TP2 está posicionado para recuperação do preço do ATH. TP1 - $180 TP2 - $220
NASDAQ:ENPHLong
by tdgatti
Same formation as previous breakout - Update- See previous charts below- (ICLN & TAN charts below as well) -------- Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run- All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross (not pictured)
NASDAQ:ENPHLong
by jacobosiason7
3
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross - EMAs Curling (not pictured) - MACD is seemingly about to cross PT1- $176.03 PT2- $182.30 PT3- $189.36+ ------ ------ (Previous Charts) ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play. ------ ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
NASDAQ:ENPHLong
by jacobosiason7
2
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on ENPH (bullish) ***See Previous Charts*** - EMA's starting to curl - Bollinger bands squeezing (not pictured) - Also looks like an inverse head and shoulders forming on the daily timeframe - Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones ------------- 7/6' ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play. May 24- ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
NASDAQ:ENPH
by jacobosiason7
ENPH into earningthe pattern that is forming is very similar to the pattern for the run up to earnings on Feb 8th. The current pattern is just on a smaller scale. There's a double tap at the top of the +2 Regression trend. 9 is crossing the 20 SMA to the down side. BB is starting to squeeze and RSI is facing down. There is a nice support ledge at 163.40 on the volume profile. If that fails, look for 152.65. I think that those two consolidation levels could hold you through earnings, before we see another trend to the upside. (Solid lines with arrows on the chart) Or it could follow the last earnings and just tank and then recover (dotted line)
NASDAQ:ENPHLong
by xenatom29
1
ABC BullishPossible stop under C or last pivot low. I forgot about this one, then looked today and but now I am feeling a little to far from a strong source of support. Tomorrow is another day (o: Looks to be inside of a small symmetrical triangle and has made an attempt to break the top trendline of the triangle which is resistance. Symmetrical triangles are a neutral pattern until a trendline is broken. There is an unfilled gap above price which may cause resistance. Negative volume is very high indicating smart money is interested. The moving averages are not in the right place but the 50 is barely floating above the 200. The 50 is under the 100. Price was under the 50 today at open, but appears to have barely gotten over the 50 right this second with the top of a candle body. This could change by close today. It is always a good thing to have price over the 50 day moving average if you are long. The 20 is sloping up and the 9 is a bit above the 20 which is good. The moving averages need improvement and in a perfect world, it is best to have the 200 on the bottom, then the 100 over the 200 etc. Some folks like to buy on crossovers like when the 9 crosses up and through the 20. I always have the 20 because is use bollinger bands, but everyone differs on the moving averages they use. A day trader would possibly look at shorter duration moving averages than a long term investor who would most likely concentrate on the longer term moving averages like the 50 and 200. ENPH arced on the prior run to the top, and is usually volatile anyway if I remember correctly. Parabolic arcs, or former arcs, can be volatile for quite a while after hitting the landing pad. No recommendation. Buy red/sell green (o:
NASDAQ:ENPHLong
by lauralea
Bullish- long playENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart (see previous chart). Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play. (Previous) ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish PT1- $152.99 PT2- $169.10
NASDAQ:ENPHLong
by jacobosiason7
2
Where is Enphase Energy Moving Next?Enphase Energy NASDAQ:ENPH is coming off an excellent month of June 2021, up over 30% and 82% YTD. Now, we sit about 30-days from earnings with the street estimating an EPS of $0.42. Is there another period of time where ENPH faced a similar situation and chart pattern? Yes, from mid-September 2020, until mid-October 2020, ENPH ran up over 63% and reached its peaks about 30-days before earnings. Looking back at the chart could help us understand where ENPH might be heading during July 2021. Solar and energy storage stocks have been heating up as governments push climate agendas including possible tax credits for each stage of the solar manufacturing supply chain, tax credits for homeowners to install solar power, and other possible incentives and initiatives. Another company that has benefitted from the current environment is Generac Holdings NYSE:GNRC . They also had an amazing month of June 2021, up over 26% and 84% YTD. Sure, with GNRC the weather plays a role as they sell many generators, but they are also ramping up on their energy storage solutions just like ENPH. ENPH has a premium micro-inverter product and a growing energy storage business. This has given many analysts reason to place a buy rating on ENPH. Now looking back at the chart. Comparing the two time periods, then and now, you can see that after the runup in 2020, ENPH consolidated up until earnings were released, and for about 7-days thereafter. Then, there was a spike in volume setting off a bull run that finished the year of 2020 and pushed the stock even higher into 2021. This rally set a new all-time high on January 7th, then another all-time high of $229 on February 10th (right when earnings were released). Next, we had the great tech rotation sending any stock related to technology lower over the next 90-days. ENPH hit its low of $108 on May 11th. Since reaching the May 11th low, ENPH has climbed 73%, just another 18% and ENPH will be hitting a new ATH. Now, here's what you came for. Where is ENPH moving next? Well, if history can be our guide, and yes, history doesn't repeat, history rhymes, then we should expect ENPH to start consolidating with a mix of green and red days until earnings. One thing on the chart that is different this time around is lower volume. Now after earnings are released it's anyone's guess. A beat on earnings could push ENPH to new all-time highs and a miss could give long-term investors a great entry point on a stock currently trading at a premium. Now I will hand it off to you. Where do you think Enphase Energy is moving next?
NASDAQ:ENPH
by TickerTimeNews