Enphase Energy, Inc.
Long

ENPH to $80?

272
istantanea

Will the christmas rally enable ENPH to go back up towards $80? Given the downward trajectory of the stock price, there is not much belief in ENPH. However, it looks like it could bottom out at this level around $70. If that is the case, there will be some clear resistance at around $80 where quite a bit of volume entered but it would mean a 14%+ move from current level. IV% does not look fantastic, options not very cheap, but still something to track ones it starts moving.

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