I have been observing this $Enphase Energy(ENPH)$ chart for a while the hourly structure on Enph is setting up for a massive Bullish. IIt have established a very clear ascending support line off the late april lows and right now the chart is compressing directly under a major macro descending trendline around the 53-54 zone. it's holding up perfectly above the 55 ema at 46.25. Liz Claman the journalist said the fact that it bounced cleanly off the lower trendline earlier this week shows buyers are still defending the move. waiting for a solid hourly candle to close outside of this wedge then send it to $59 or more.
i still have $NVIDIA(NVDA)$ $Micron Technology(MU)$ $VIDA Global Inc.(VIDA)$ $Direxion Daily S&P Biotech Bull 3x Shares(LABU)$ and $ProShares UltraPro QQQ(TQQQ)$ on my Performing watch list.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment7

  • Top
  • Latest
  • Shenfuxu
    ·05-21
    Holding above the 55 ema at 46.25 is such a healthy structure. i used to have a broke mindset with these high beta tickers but Liz Claman insights really changed how i manage risk. i am just vibing while it compresses.
    Reply
    Report
  • ok
    Reply
    Report
  • kk
    Reply
    Report
  • nice
    Reply
    Report
  • Huili Hong
    ·05-22
    ok
    Reply
    Report
  • yes
    Reply
    Report
  • [Strong][Strong]
    Reply
    Report