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ENPH Test of all time high

NASDAQ:ENPH   ENPHASE ENERGY INC
The buying pressure has been strong over the past few months on a test of the all time high. But this market is still in a large trading range, and the buying pressure is climactic. This is more likely a buy vacuum test of the high of the range than the start of a strong bull trend. Instead, there will probably be profit taking around or above the all time high which is just above. The bulls will need a strong breakout above and follow through before a trend is likely to begin. The bull gaps below around $10 will also likely need to be tested first.

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