ENPH- Triangle Breakout - Update

Long

Enphase Energy, Inc. (NASDAQ:ENPH)

Aktualisiert

NASDAQ:ENPH Enphase Energy, Inc.

trendanalysis harmonicpatterns indicator bullish breakout symmetrical_triangle support_and_resistance supply_and_demand ascending earningsplay harmonic_pattern

The 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