ENPH Trade on Aug 3, 2021 09:33 from MichaelBLe: Tradervue User Stock Trades.

Took this trade on a cup and handle break. The handle is a descending handle, not the ideal flat handle. What intrigued me in this name is the tight price action near the pivot area of 190.

I took an aggressive position in this fast mover. Looking for a short term swing trade in this choppy environment. Not too confident in this name being able to hold it's gains.

The fundamentals are great. EPS rating is a strong 97. Fund ownership is increasing. EPS seems to be stalling a little bit the past 3 quarters but sales continue to increase steadily.

This may be a rotation play and I will quickly be out of this name if it reverses. We reached 1R as I type and now I will move my stop to break even.

7:10AM
ENPH reversed very quickly off the highs as some more evidence of stocks failing are showing up... I took the gains off before my actual stop got hit. Have to be quick...