ENPH - Breakout of Up ChannelA breakout has occurred of a large up channel
This breakout was caused by a slightly oriented symmetrical triangle
Similar situations in grey circles / comparable points / interesting points
E0P trade ideas
$ENPH - The Solar KindThe big #solar stock $ENPH putting in a 10% 4 weeks trading range.
Obviously its #hot
ENPH swing trade ideaHey all, I'm not taking this trade, but this stock has serious downside potential. I'd be looking for a gap-fill entry if I were playing this, with a stop loss a little above ATH's. I know this stock/sector is incredibly overvalued and due for a huge correction. I'd look to where it is at right now for an entry short, or to exit longs.
dippy before more rippy 🚀🥶i expect a big rejection from this trend support zone, last time we dumped from it we saw 100-150 dollars of downside!
I do not have longs here but if I did I would sell and look for a dip entry! clearly in bullish trend but reaching the top of the trend. just my view though
please a drop a boost and follow if you enjoy my analysis 💛
Diamond topTarget 1 to the downside is in orange type.
For further targets down if it goes past T1, see prior post.
No recommendation
'
A diamond topis like 2 symmetrical triangles stuck together at the wide ends.
ENPHDaily getting closer to closing under RSI line. Daily MACD already rolled over. Weekly RSI still relatively high for a short, but starting to come down. Weekly looks to be putting in bearish divergence divergence. Decent size bear flag on the weekly that could play out eventually if price breaks and closes under $180 ish. Possible short entry looking good if daily RSI gets under 50 and weekly pulls back more.
ENPHASE One more push , looking for a tap of 340 to find heavy resitance of a rising broadening wedge. Would be a great postion to add some long puts up in that range idea expect a big rejection there. Good luck!
Enphase Energy – Is it Overpriced Enough to Start Shorting it?Fundamental Indicators:
Sector – Technology
US Business Cycle Stage – late cycle, when this sector is not favourable
Revenue – explosive growth for the past 5 years, 40% 5-year average
Profits – consistently growing since 2020
Net margin – decent 11% for tech company
P/E – extremely high at 195 compared to S&P500 with 21 and Technology sector 27
Liabilities - debt ratio is at 0.81 which is within normal limits, Net Debt/ EBITDA is at 0.13 – no problems with debt
Conclusion – great financial performance since it became profitable in 2019 but it is grossly overpriced considering the current global economic situation, so it is very likely to go into correction to let the steam out
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of completing wave 3 (see higher timeframe graph)
Since the correction of March 2020, the stock price went ballistic with nearly 1400% jump, which makes sense as solar energy technology is in great demand now considering the current geo-political situation
However, EW count suggests that the latest global correction in the form of Running Flat lasted between February 2021 and January 2022 and since then there was another move to the upside in a choppy manner which is likely to be an Ending Diagonal currently in final stages of completion
Once reversal started we can expect correction to a target area of $110-$150 representing 0.5-0.618 Fibonacci retracement levels to the global wave 3
This is a higher timeframe to reflect the full history of Enphase Energy and to provide full wave count:
What do you think about Enphase Energy and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Short ENPH - Overdone rally from earning catalystOverall market rally seems way overdone and overhyped, although congress continue to press for stimulus bills on energy sector; still upside risk to reward does not warrant a long position at this point in time.
Rather, market's current rally are living on pro-longed extension from recovering CPI data to positive earning outlook to stock split. These catalyst seems to have very much been priced.
ENPH - Dream pattern before earning Cup and Handle dream pattern with triangle handle. Earnings history very strong beating estimates consistently.
You don't need to know what's going to happen next to make money ~Mark Douglas
Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Is This Sustainable?Price is well over the bands set on 80. Chances are very high that price will eventually pull back to the interior of the bands.
ENPH broke up from a possible bullish bat a while back.
Earnings beat that was obviously well received.
Gap below price that may cause price to pause as it could serve as a level of support.
Possible W extension pattern formed and may have landed just above the 200% mark. Remarkable to say the least.
Short is approximately 3.43%.
Price is up in la la land after a new ATH and this could even pull back and make another run for it.
Time will tell.
No recommendation/be safe
Bearish Harami on daily at this moment/Doji on weekly and monthly charts representing indecision.
Possible short for the near term. I plan to revisit this one
ENPH Enphase Energy got electric charged!This came up on my screener... ENPH
Reading abotut it was intriguing as this was interesting as it develops, manufactures, and sells solar microinverters, energy monitoring software, and battery storage products. Given the expected surge of crude after the current retracement, and the sustainability trend, I find ENPH intriguingly positioned.
Technicals flagged it out, having taken some damage since Oct 2021. A triangle formation breakout, and retest appears to have been done and a second breakout (of a trendline) flagged it. The daily technical indicators are turning up to support the breakout.
On the news front, apparently solar stocks were given a boost with Biden's announcement where there would not be any new tariffs on solar imports for the next two years. In addition, There was authorization for Defense Production Act to help US manufacturers of solar panels, and it is expected that US solar manufacturing capacity can triple in the next two years. People would need energy management tools!
Looks delicious...
Potential upside target based on triangle breakout projections put it at 360 in Nov 2022. An interesting proposition seen in this chart.
ENPH M-pattern targets 328 if it BO of 283 D.top OR 222 retest?TAN solar etf together with its main component ENPHASE energy has been on a tear lately. ENPH made a W-pattern in 2021 & is again repeating it this 2022. It currently made a double top at 283 but shows no sign of rejection yet. If it retraces then the W=neck at 222 will be retested. But if it breaks above 328, then the Fib 1.272 at 328 will be the next target.
Not trading advice
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
ENPH7'.27.22 ENPH Gap hire today. I wouldn't take a trade today. The video explains how I would approach it.
ENPH - rally into earnings?ENHP looks much stronger than the overall market.
Earnings history is very strong beating estimates consistently.
Less than 25% to ATH.
Took a hit on Jul,15 on solar negative news and recovered very quickly.
I expect it to go at least to ATH.
ENPH- Triangle Breakout - UpdateThe solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the RSI on the daily timeframe, as well as holding an ascending triangle on the 4-Hour timeframe after forming a bullish butterfly harmonic pattern (See Attached Chart Below). 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- See previous charts attached below for previous price targets.
4-Hour Timeframe
--Previously Charted--
PT1- $198.17
PT2- $200.85
PT3- $203.22
PT4- $206.60 +
Enphase Energy: Tight Consolidation & Golden CrossSolar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH).
The first pattern on this daily chart is the uptrend since mid-May -- the opposite of the broader market’s price action. In fact, ENPH hasn’t made a new 52-week low in 117 sessions. (The S&P 500 last made a new low 16 candles ago.)
Next is the tight consolidation illustrated by Bollinger Bands Width.
Third, you have the level around $220. ENPH probed and reversed at this area in April, June and July. But combined with the uptrend and narrowing price range, traders may look for a breakout if prices manage to cross this resistance. That could be especially true with earnings expected later this month.
Finally, notice how the 50-day simple moving average (SMA) is just now rising above the 200-day SMA. That kind of “golden cross” may signal that the longer-term trend is getting more positive. (Only 10 percent of the S&P 500 have their 50-day SMAs above the 200-day SMAs, according to TradeStation data.)
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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.
time to dump after double top? 🐻double top, rsi resistance, lower high and low volume in general! hard to be bullish on this name right now.
watching for move above 221.80 for longs, failure to breakout means a move to 152-119-86 may come in near future.
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
