Dec. 25 at 3:22 PM
Actionable Trade Alert for
$ENPH:
Market Context:
$ENPH is currently trading at
$32.85, showing strength with an RSI of 62.37, indicating bullish momentum but approaching overbought territory. The stock is above its 30-day MA of
$30.13 and its 50-day MA of
$31.59, suggesting a positive trend. The recent high of
$39.55 indicates potential upside.
Directional Bias: Bullish. The stock's position relative to its moving averages and the recent high suggests continued upward momentum. The ATR of 1.48 indicates moderate volatility, suitable for trading.
Trade Plan:
- Suggested Entry:
$32.85
- Stop Loss:
$30.00 (approx. 8.5% below entry)
- Take Profit Targets:
1. Target 1:
$35.00 (6.5% ROI)
2. Target 2:
$37.50 (14.5% ROI)
3. Target 3:
$38.50 (17% ROI)
This plan provides a clear path for trading
$ENPH with significant upside potential.
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