Favorite Solar Stock: ENPH looks ready to go
ENPH is the largest holding in the Solar energy Exchange Traded Fund (TAN) at 12.21%.
Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again.
I want to be long the strongest solar name.
When you take a quick look at ENPH vs TAN, you'll see it broke out in June after consolidating for over a year against TAN.
ENPH bounced off the 50 week moving average and now building well on the shorter time frame (daily and 4hr) giving me the signal to get long this today and add into it this week.
Notice how it's been consolidating in the form of a weekly bull flag for ~203 days - same length of time it took to breakout in the weekly flag between 2018 - 2019. Let's see if it does it again.
I want to be long the strongest solar name.
When you take a quick look at ENPH vs TAN, you'll see it broke out in June after consolidating for over a year against TAN.
ENPH bounced off the 50 week moving average and now building well on the shorter time frame (daily and 4hr) giving me the signal to get long this today and add into it this week.
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Breaking out on earnings - no position on my end yet but interested in initiating today