Big Picture:
Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Setups:
07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying
08/02/22 - 09/06/22 Volume Accumulation
09/15/22 - 09/21/22 Volume Accumulation
09/22/22 Aggressive Selling
09/26/22 - 10/04/22 Volume Accumulation
10/05/22 - 10/07/22: Aggressive Selling
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Intraday Technical:
ATR: 16.13
ATR (200Day): 14.42
DTR: 16.95
%: 105.00%
RVOL: 0.82
Rel Vol (Finviz): 0.75
RSI (14 Day): 30.64
RSI (200 Day): 52.51
Volume: 2,884,739
AvgV: 3.83M
Ch% (FINVIZ): -4.35%
FS%: 3.31%
Shs Outstanding: 135.20M
Shs Float: 132.68M
Inst Own: 75.10%
2 Day VWAP: 244.6
Weekly VWAP: 250.33
Monthly VWAP: 263.01
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10/13/22
Open: 248.73
HOD: 254.21
LOD: 237.26
Close: 244.59
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Key Areas of Support:
216.82
230.14
245.49
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Key areas of Resistance:
257.08
283.43
295.02
315.29
Inflection Point:
245.35
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade Plan:
Look for a pull back to 237.64
If pulls back to 237.64 and see absorption then start long.
If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line.
If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline.
Take original trade to PT 3 and sell
Risk/Reward: 20% of ATR $2.88
Entry: $237.64
Stop $234.76
Exit: $249.18
PT 1: $240.52
PT 2: $243.41
PT 3: $246.29
PT: 4 $249.18
Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Setups:
07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying
08/02/22 - 09/06/22 Volume Accumulation
09/15/22 - 09/21/22 Volume Accumulation
09/22/22 Aggressive Selling
09/26/22 - 10/04/22 Volume Accumulation
10/05/22 - 10/07/22: Aggressive Selling
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Intraday Technical:
ATR: 16.13
ATR (200Day): 14.42
DTR: 16.95
%: 105.00%
RVOL: 0.82
Rel Vol (Finviz): 0.75
RSI (14 Day): 30.64
RSI (200 Day): 52.51
Volume: 2,884,739
AvgV: 3.83M
Ch% (FINVIZ): -4.35%
FS%: 3.31%
Shs Outstanding: 135.20M
Shs Float: 132.68M
Inst Own: 75.10%
2 Day VWAP: 244.6
Weekly VWAP: 250.33
Monthly VWAP: 263.01
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10/13/22
Open: 248.73
HOD: 254.21
LOD: 237.26
Close: 244.59
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Key Areas of Support:
216.82
230.14
245.49
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Key areas of Resistance:
257.08
283.43
295.02
315.29
Inflection Point:
245.35
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Trade Plan:
Look for a pull back to 237.64
If pulls back to 237.64 and see absorption then start long.
If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line.
If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline.
Take original trade to PT 3 and sell
Risk/Reward: 20% of ATR $2.88
Entry: $237.64
Stop $234.76
Exit: $249.18
PT 1: $240.52
PT 2: $243.41
PT 3: $246.29
PT: 4 $249.18
James Domino, CMT
Trader | Chartered Market Technician |
📺 YouTube: @JTDomino023
🐦 Twitter: @jjdomino23
📸 Instagram: @jtdomino
Trader | Chartered Market Technician |
📺 YouTube: @JTDomino023
🐦 Twitter: @jjdomino23
📸 Instagram: @jtdomino
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
James Domino, CMT
Trader | Chartered Market Technician |
📺 YouTube: @JTDomino023
🐦 Twitter: @jjdomino23
📸 Instagram: @jtdomino
Trader | Chartered Market Technician |
📺 YouTube: @JTDomino023
🐦 Twitter: @jjdomino23
📸 Instagram: @jtdomino
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
