Blue Chip Daily Chart of the Week

01/24/2021
Blue Chip Daily Chart of the Week:
Enphase, ENPH
Close: 212.07
Stop level for position traders and investors: 177.93
please see chart analysis below

• Enphase (ENPH) is a large cap leader in the solar/clean energy sector and is on this week’s Members Top 25 Buy List.
• ENPH is in a technical uptrend above the rising 20, 50, 100 and 200-day moving averages, indicating an uptrend on multiple time frames.
• ENPH recently corrected 14.9% off of all-time highs and held at the rising 20-sma and the key $190 breakout/support level.
• ENPH is trending higher here and c close over $220 could signal a breakout to new highs.

Disclosures:

• I am long ENPH.
• ENPH went onto our Chart of the Day Buy list for Members on 12/9/20 and is +57% since then. (please see below)
• ENPH was on our Weekly Top 25 buy list also recently on 12/13 and 1/3.
• See our Daily Chart of the Day buy list here: https://bluechipdaily.com/chart-of-the-day-public-view/
• Our updated Top Performers page: https://bluechipdaily.com/top-performers/

Have a great week,

Larry Tentarelli
Publisher
Disclaimer – Blue Chip Daily Trend Report