ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
Commento
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Minor setback from the ridiculous market sell off that we had. Overall ENPH held up nicely. Bottom of the demand zone was hit which gave a better entry point. Engulfing candle today and reclaimed trendline.