2024-06-15 06:59:58 ET
Summary
- Enphase Energy, Inc. is a semiconductor materials and equipment company based in California, offering products in the industry both domestically and internationally.
- Technical analysis indicates ENPH is above its 30-week EMA, showing bullish momentum and building a base in an ascending triangle formation.
- Potential price target of $207 with a risk to reward ratio of over 1:4 if ENPH breaks above $140, with a suggested stop loss strategy in place.
Enphase Energy, Inc. ( ENPH ) is a California based semiconductor materials and equipment company that provides products and services for the solar photovoltaic industry both here and abroad. This was a company that I was not familiar with until I read this article off the Seeking Alpha website. After reading this article, I looked at the price chart and immediately saw some technical opportunities. In this article I will outline why I think ENPH offers a greater than 1:4 risk to reward ratio. I will analyze the price action, momentum, volume, and relative strength. I will outline a price target and a stop loss price in case my analysis proves incorrect....
Read the full article on Seeking Alpha
For further details see:
Enphase Energy Offers A Good Risk To Reward Ratio (Technical Analysis)