Hi Rizzz!
Well,now you’ve done it: At what price do u like Enphase for entry? Is now a good time to buy?
I have to smile, having read so many exhortations to “Just do it!” without much regard for current price or price movement.
As I’ve said a time or three, “Entry/Exit points matter!” Over the decades they’ve had a considerable impact on my portfolio (in both bad and good ways).
Let’s start with a simple stock chart:
https://www.nasdaq.com/symbol/enph/interactive-chart
This chart includes the 50-day moving average (moving steadily up). The RSI (fairly neutral, neither overbought nor oversold). The MACD (fairly neutral, shares not being significantly accumulated nor distributed). And On-Balance Volume (modest profit-taking occurring). The chart is fairly neutral at present. The best time to buy was last June, when the share price was < $1. The easy 500+% gain came and went. Now? As I stated, the trading is fairly neutral. I had sold quite a few shares when the share price climbed to $5+. I bought back all those shares recently at ~ $4.20. It was a good swing trade for me.
Would I recommend buying now? That’s what I did for my hunnybunny. Like me, she’s retired and lives off the proceeds from her portfolio. Last summer, I convinced her to buy shares at $1. She bought quite a few. Please note, the sign of high conviction is to recommend a stock purchase to your lover. The stakes are truly high. She’s rather pleased with her investment to date. She asked if she should buy more. I told her I thought $4 was a decent price, so she bought more.
Here’s a site I visit anytime I consider making a trade:
https://www.tradingview.com/symbols/NASDAQ-ENPH/technicals/
I like it because I’m visually oriented more than numbers oriented but, as you can see, the site offers numbers galore including a variety of well-accepted support and resistance points. I find this site (and many other technical analysis sites helpful).