Chart of the Day: Tight Consolidation, Golden Cross in Top Solar Stock


Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH).

The first pattern on this daily chart is the uptrend since mid-May — the opposite of the broader market’s price action. In fact, ENPH hasn’t made a new 52-week low in 117 sessions. (The S&P 500 last made a new low 16 candles ago.)

Next is the tight …

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Enphase Energy (ENPH), daily chart with selected patterns and indicators, courtesy of TradingView.
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