Enphase Energy Offers A Good Risk To Reward Ratio (Technical Analysis)

My basic stock buying strategy is that I want to own stocks that are trading above a rising 30-week exponential moving average (EMA). The 30-week timeframe is an intermediate to long-term timeframe in my opinion, so it filters out random day-to-day noise or price fluctuations. This basic strategy is not perfect. It doesn't work all the time and for that matter I don't know a strategy that does work all the time. Looking at Chart 1 above you can see that only owning ENPH when it was above its rising 30-week ...