Enphase: Buy Territory (low risk/high reward)

Enphase is a solar company that's been growing strongly, fundamentally. What I particularly like about this stock is that unlike most others, it has been making new highs in 2022.

Technically, it's sitting just below it's 200 day bollinger band and is due for a bounce to the mean, but may very well put in a new high.

Note a Q3/Q4 recession would likely bring most stocks to new lows.

Trade attivo

Commento:

This trade is playing out slower than I'd like, but it's still in profit despite the recession fears, draining liquidity, etc. I expect the price to continue to melt up barring any negative macro events.