ENPH NASDAQ:ENPH has had a great run, breaking above the resistance level with a decent volume. Most US solar stocks have done well this week. It's probably a good thing for NASDAQ:ENPH
ENPH
TAN big break outbig down trend break on TAN ( solar etf). retesting the break out now intraday. solar can really be the leader of next run when ever we get that. solar names like ENPH SEDG are 7-8% away from ATH's. extra ordinary relative strength.
TAN is already up 15% in 2 days, so might be over heated in short term but long run looks really good.
Symmetrical Triangle - Watching closelySEDG has been holding this symmetrical triangle for quite some time now, broader market conditions permitting, will certainly be looking for a breakout to the upside going into earnings and as a sympathy play for ENPH, which has earnings on 7/26'. SEDG has some nice bullish divergence on the RSI as buyer volume increases relative to seller volume. SEDG is flagging on the weekly timeframe (See attached chart below), Bollinger bands are also squeezing on the daily and weekly timeframes in addition to a bullish harmonic pattern forming on the daily timeframe. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below
--Weekly Timeframe--
--Previously Charted--
PT1- $277.62
PT2- $281.27
PT3- $286.34
PT4- $293.14 + Breakout
ENPH breakout (long trade)Enphase Energy is a solar stock setting up in a textbook breakout pattern. Pullbacks have shallowed from over 50% at the start of the bear market down to 14%. This volatility compression shows accumulation in the stock and a transfer from weak hands to strong.
The numbers are tremendous on this one. As you can see from the MarketSmith numbers at the bottom of the chart, sales and earnings are growing at an extraordinary rate for the last four quarters. 2022 estimates are for a 45% increase in EPS and another 24% increase is expected in 2023.
Relative strength ranks at 97/100 and the solar sector as a whole is the top-performing sector right in the market right now. A strong stock in a strong sector at the start of a new bull market is the formula for knocking down triple digit gains, and this stock could very well deliver.
I'm looking for a breakout above the $220 level to trigger the buy. A move on increased volume would give me even higher conviction.
Buy ENPH (above the MA 35)I bought ENPH because its price is above the MA 35/13 and above the trend line.
My stop $168 and target $220 is on the chart. MM 1.67
ENPH - Acting As a FlagA major Trend Line reclamation has taken place on ENPH ,
right now the price above the trend line is acting as a flag from a bullflag
I expect bullish results due to this major Trend Line reclamation
ENPH holds better than TAN;if mid165 fails, 120 will be retestedENPHASE is holding better than its mother ETF, TAN. Since 2021, it has basically been consolidating horizontally except for an overshoot 4Q2021. In contrast, the TAN etf is in a falling wedge formation.
BULLISH CASE: Better yet, it is holding above the middle of this conso box, the 165 to 170 zone. (Middle of 120 to 220). This is also a convergence of 3 VWAPs from recent highs & recent bottoms. If it holds 165, then 220 will be retested.
BEARISH CASE: If this midzone is lost, then a retest of 120 will be next or even a double bottom sometimes in 3Q2022 to create a divergence.
Not trading advice
ENPHase W-pattern may reach 328 for wave 5 if 200 holdsENPH is the strongest component of the TAN solar ETF. Just like the biotech sector, it has started to gain ground after a long hammer candle at the week of May 9,2022. Since then it bounced with 4 consecutive green weekly candles from 165, the middle of a big trading range since 2021 (110-210).
BULLISH CASE: ENPH is now at 210 the top of the range. It may retrace back down & retest the 165 midpoint or the VWAPs before a rally to again BO the 200 to 210 red zone with 328 as the destination of its wave V. This assumes that wave IV is a running flat & the 5-wave wave V is underway. It is now at the wave 3 of a bigger wave V.
BEARISH CASE got hammered when ENPH bounce above all my VWAPs & is now attempting to breakout the 200-210 red zone.
Not trading advice
$ENPH Analysis, Key Levels, and Targets (REQUEST)$ENPH Analysis, Key Levels, and Targets
I had a super fun time analyzing this chart mostly because I’ve never seen it before. Energy is hot right now so I see why it was requested.
The general direction is up. And there is lots of support… The gap up today forms a nice possible support. If there’s a little pull back, I’d go long… (You trade, right? Or are you looking for a long entry??) Thanks for the prompt and I like this chart… I added it to my watchlist…
Get above 220, and then fly to 280…
Hope this helps...
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Nice weekly flatI have already posted this idea earlier
Now it seems there is a nice entry point, although, quite on a minor time frame for such a big trade
Nevertheless..))
Have a nice weekend!
ENPH - just look at ATVI todaySimilar flat pattern.
Daily - wave C of the flat has already broken FE100 on regular scale.
The chart is on LOG scale, still some downside possible, but the structure looks really ok)
Good luck!
ENPH Great R:RName that we don't play often, but still has some juice left to squeeze both ways. Looking for a bounce of $143.49 for a play to 157 gap fill if market wants to relief bounce.
Any daily close under 143.49 leads us to $130 and possible $108.
Big level retest (stock idea): ENPH DailyA lot of confluence here on ENPH, a leader in the solar energy group:
- Trend line retest
- Bounce off the 200dma
- Gap filled and bullish engulfing on the daily
- Horizontal support tagged
Watch for a base to build as it tries to clear overhead resistance that's still ahead - on the daily it's still below the 10,20,50 moving averages, so it's likely to remain choppy even if it bounces from this level. I like that it's retesting its power earnings gap from late October - something to watch from here.
Last analysis on ENPH:
ENPH Ceiling Break with Repeat of last previous Move $22 MoveCeiling Break to the upside of with a drop as the trigger which I would have pulled early to the top of the candle at $247 Last move went for $22 I would watch this close as its not as Bullish as the last move.
If you like these types of Ideas please like follow and Tip your bartender.
by iCantw84it
11.11.21
ENPH looks bullish using Aspen Trading S/R LevelsAspen Trading S/R Levels are predicting bullish trend for ENPH if it breaks above 238.
They already did an excellent job by identifying the support @ 143.
Please like, share and follow if you agree with the analysis.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
10/31/21 ENPHEnphase Energy, Inc. ( NASDAQ:ENPH )
Sector: Electronic Technology (Semiconductors)
Current Price: $231.63
Breakout price trigger: $222.50 (hold above)
Buy Zone (Top/Bottom Range): $225.00-$201.50
Price Target: $290.00-$293.00 (1st)
Estimated Duration to Target: 59-63d (1st)
Contract of Interest: $ENPH 1/21/22 280c
Trade price as of publish date: $8.05/contract
ENPH, Large profit is ahead!ENPH has started a new up going motive wave ! how far it goes? Lets follow the analysis !
ENPH reacted well to the 0.618 golden ratio retracement of last rally labeled as wave i after a beautiful abc form of correction which formed wave ii. If true, Wave iii has started and is going to push up the stock to 294 USD. After wave iv correction upcoming wave v will even push the price more up to 319 USD to complete an Elliott wave cycle. Please note that these targets are obtained by typical Fibonacci levels of mentioned waves. Should it need any update, It will be published later.
Mentioned wave cycle is itself wave 5 of 3 of a larger cycle Elliott wave which means after completing the current cycle there will be a huge correction and another huge move up. This point shows that the general trend of stock is up and if you are a stock holder you will gain much more profits in long term. The larger cycle Elliott wave count will be published soon and added to the related link so, I refer those who want to take a general picture of the stock to that upcoming publication.
Stock newly broke the short term down trend line and is attacking the more powerful down trend line connecting two major highs. I believe every entrance strategy we choose to take a long position in this stock at the current point will brings us considerable profit. It is just the matter of risk management and maximizing profit .
It is worth to note that in terms of timing chart is a schematic drawing although I tried to make it precise by using time Fibonacci.
A trade below the last formed low makes this analysis invalid for some times and makes us to provide a minor update.
As always we emphasize, besides all these bullish signs we have to trade objectively.
Good luck my friends and
ENPH - Long setupEnphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.
ENPH has a strong buy recommendation from the analyst consensus on the Streets with a target price near the $215 mark. This also happens to be the point which the stock was unable to hold last time it broke out of the $ 200 mark, so should be a point to consider as and when price approaches these levels
From a technical standpoint, ENPH is right above its 20 Day MA and 20 Week MA. RSI in bullish zones and peaking up. Volume spike has been observed over the last few days averages and Bollinger bands on Daily charts are beginning to expand, that means sharp moves ahead.
On a break higher, expect next target $200
Hourly chart also has Bull Flag set up, could get a good swing trade near the 20 Day MA entry
Favorite Solar Stock: ENPH looks ready to goENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%.
Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again.
I want to be long the strongest solar name.
When you take a quick look at ENPH vs TAN, you'll see it broke out in June after consolidating for over a year against TAN.
ENPH bounced off the 50 week moving average and now building well on the shorter time frame (daily and 4hr) giving me the signal to get long this today and add into it this week.
ENPH bullish analysis, Price Target $190ENPH, forming a pennant. MACD is really close to being bullish. Long term Price Target = $190
ENPH has a ton of upsideENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
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.
$ENPH - Could See a Breakout SoonENPH looks like it has a regained positive momentum on RSI and could flip the descending wedge
