I tweeted out this GLB early today when ENPH was at 303. At the time it had a volume buzz = +500%. ENPH closed at an ATH today of 316.31. Follow my tweets: @WishingWealth.
Look at the trading volume today. This is a terrific pattern. There was a huge volume break-out and GLB in late July right after earnings. Then the stock rested and volume settled down, leading to a resumption of the rise today. This might qualify as a Minervini VCP.
2 thoughts on “Blog Post: Day 7 of $QQQ short term down-trend; $ENPH has GLB and shines, see chart and @markminervini VCP”
Hi Dr. Wish:
I love the education you provide. Thank you so much. One question regarding your post on ENPH. When do you consider it too extended to buy? In this case I show it is already more than 10% above the GLB.
I get it the day of the GLB or later on a bounce up off of the green line. Or you can get subsequent bounces off of the 8 or 21 day exponential day averages or the 4 or 10 week averages on a weekly chart.