Enphase Energy, Inc.
做多
已更新

ENPH - Time for a good R:R long trade?

613
ENPH just bottomed here around 25 and doubled from the bottom already.

I see all good reasons to go long here -
  • Sitting over the 200MA
  • Filled the Earnings gap
  • Sitting on volume shelf support
  • In the discount pullback zone
  • Kind of a Cup & Handle setup
  • Kind of a Bull Flag setup


Started a long position, Despite the market condition is bad , this one has good R:R from this level.

Target 1 - 58-60
Target 2 - 78-80
Stop loss - 30

If things played out as expected, this has a potential to become 3x-5x from here.
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