Dec. 17 at 4:03 AM
Actionable Trade Alert for
$ENPH:
Market Context:
$ENPH is currently trading at
$31.86, with a high RSI of 75.97 indicating overbought conditions. The 30-day moving average (MA30) is at
$29.8, while the 50-day moving average (MA50) is slightly above at
$31.95. The stock is near its 60-day high of
$41.28, suggesting potential resistance ahead.
Directional Bias: Given the high RSI and proximity to the 60-day high, a pullback is likely. However, the strong support at the MA30 indicates a potential bounce back.
Trade Plan:
- Suggested Entry:
$31.50 (anticipating a slight pullback)
- Stop Loss:
$29.00 (providing a buffer below the MA30)
- Take Profit Targets:
1.
$34.00 (7% ROI)
2.
$36.50 (15% ROI)
3.
$37.50 (17% ROI)
Monitor price action closely, as reaching the third target will require overcoming current resistance levels.
For more insights, visit https://privateprofiteers.com.
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