Enphase making trianlge patten in weekly chartI think that enphase making a triangle pattern on the weekly chart, I can see a nice move on any side. what do all thing about that ?
And I am new to this, so any help would be appreciated.
E0P trade ideas
ENPH - US STOCKS NASDAQ:ENPH
* Expecting ENPH to " GO UP "
* my avg entry = 166.92
* my target = all time high
* duration = very LONGTERM
all based upon my own risks.
why i entered:
*it is trading inside a ascending wedge pattern
*it is in support level
*it is taking 200 EMA support in weekly chart as well.
note:
* ENPH does not pay any dividends.
Disclaimer:
* am not any registered advisor/expert *
* its not a buy/sell call*
* its only my analysis ,for Education / Learning purpose only *
Go LongENPH, consolidation with high volatility and breakout of the zone with higher high.
R:R - 2:5 ATR
ENPH - Enphase EnergyLooking at the price action and what my chart tells me, I am confident price will reach $200 levels. My chart is telling me it will not coming back to $145 levels and the direction of movement is going to up. From current levels the gain on long side would be 20% if trade is taken now and exited at $200 levels.
I am making personal observation for my record.
Feedback welcome.
PM me to discuss this price action.
