Hi everyone, Today I wanted to discuss ENPH as well as how you can use Earnings Reactions as a barometer of the health of the market. Before we get into it, make sure you are subscribed so you don’t miss any educational articles.
Thanks Richard; as usual, great insight. I was notified yesterday that Enphase was within 10% of a Green Line breakout; this morning that threshold was broken several times before the price and volume both stabilized. That was fast. Technically, I guess that would reset the threshold if the run doesn’t hold.
As far as the market uptrend holding (if that’s what you were asking about) – we can hope so, but I don’t think so. It seems like there just aren’t enough positives yet. I think the outlook is still Downtrend Under Pressure. But that’s only an opinion, and it’s the same one I had in Spring of 2020; you know how that went.
Looking forward to more. Thanks for your constant vigilance and sharing.
Hi Richard, thanks for all the work you share with us. I bought the 15 min bottom of off VWAP when it took out the previous 15 min (after 7 red bars) red bar. So much volatility, the 15 min gave a small(er) percentage stoploss.
Thank you for sharing this.
Thanks Richard; as usual, great insight. I was notified yesterday that Enphase was within 10% of a Green Line breakout; this morning that threshold was broken several times before the price and volume both stabilized. That was fast. Technically, I guess that would reset the threshold if the run doesn’t hold.
As far as the market uptrend holding (if that’s what you were asking about) – we can hope so, but I don’t think so. It seems like there just aren’t enough positives yet. I think the outlook is still Downtrend Under Pressure. But that’s only an opinion, and it’s the same one I had in Spring of 2020; you know how that went.
Looking forward to more. Thanks for your constant vigilance and sharing.
Hi Richard, thanks for all the work you share with us. I bought the 15 min bottom of off VWAP when it took out the previous 15 min (after 7 red bars) red bar. So much volatility, the 15 min gave a small(er) percentage stoploss.
But it's gotta come back down to fill that gap in, right? This would mean that we will see this stock at, say, $220 again, I would guess....